Month: November 2017

Bitcoin Bubble is the Much Larger Than The Most Extreme in History

A bubble is when irrational enthusiasm for an equity exceeds the actual value sometimes continuing to rise in price long after the actual value should be in decline. The artificially created limited supply is currently maintaining a social sentiment that Bitcoin’s value will always increase. The idea that it will continue to increase in value …

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Japanese Yen Is Not My Current Favorite Currency.

The Japanese Yen does not respond to scheduled news events but reacts mostly to risk on and risk off social mood sentiment driven by latest news and speculation about conflicts with North Korea, etc. These moves come in short erratic bursts while the rest of the time the Yen pairs move based on their respective …

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Pound Autumn Forecast: What Will Happen?

The U.K.’s HM Treasury will release the annual Autumn Forecast Statement today and you can be sure we will be watching the GBP pairs and planning our next move based entirely on the shape of patterns just preceding the release. https://www.dailyfx.com/forex/video/daily_news_report/2017/11/22/Wall-Street-Offers-A-Bullish-Gap-and-Record-Highs-Pound-Awaits-Brexit-Budget.html?DFXfeeds=forex:video:daily_news_report