The FOMC will conclude a 2-day meeting tomorrow, and release a statement with economic projections, and may even raise rates. T
I’m generally what is known as a trend trader. That’s a trader who only trades in the direction of the trend, although there are lots of ways to define a trend.
Bitcoin was in serious trouble last Friday. After ICOs and a major Bitcoin exchange were taken down in China, and JP Morgan CEO Jamie Dimon attacked the Cryptocurrency as a “fraud”, the price broke strongly below the major support level at $3,600.
Speaking at a banking industry conference a few hours ago, J.P. Morgan Chase & Co. boss Jamie Dimon said “Bitcoin will eventually blow up. It’s a fraud. It’s worse than tulip bulbs and won’t end well…”
As worst-case scenarios concerning Hurricane Irma and North Korean missile tests seem to recede in the rear-view mirror, the major U.S. stock market index, the S&P 500, just made a new all-time high
Over the past 24 hours or so, Hurricane Irma hit Florida as a category 4 hurricane, quickly reduced to a category 3, then dropped further in intensity as it moved inland, continuing as a greatly weakened tropical storm as it progresses inland towards Georgia and other Southern States.
The most powerful landfalling hurricane of the modern era is hitting the United States as I write, with the eye of the hurricane close to the western Florida Keys.
The European Central Bank’s bid rate and press conference which took place today had been expected to be the scheduled highlight of the week in the Forex market, and expectations were met, with the Euro seeing a lot of activity.