Market Alert: Euro Breaks Through Major Resistance

Posted by TopstepTrader on January 12, 2018

Euro.jpgIn European trading, the Euro (EUR/USD) broke through major resistance from the September 2017 high at 1.2090 on a spot basis. The move marks the second consecutive jump higher that has seen the price gain from the mid 1.19s.

In the front-month futures contract ($6EH8), the price has rallied from 1.1981 to 1.2180. (Futures contracts trade at a premium because interest-rate differentials are factored into the delivery date.)

Does this move present an opportunity? Or is it in its waning days? 

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Topics: Market Updates, Forex, Futures

Bitcoin, the Nasdaq, Treasuries - It's Bubblicious

Posted by TopstepTrader on January 04, 2018

It's easy to get wrapped up in headline-grabbing financial commentary. For those of us who live and breathe  trading, it's hard not to have a strong opinion on long-term market trends. Nowadays, you can't go far without hearing that Bitcoin, equities and Treasuries are in a bubble. 

Instead of getting wrapped up in the hype, Billionaire Hedge Fund Manager Cliff Asness argues that the mainstream understanding of bubbles is wrong. He thinks too frequently "bubble" is synonymous with "expensive": "The term bubble should indicate a price that no reasonable future outcome can justify." 

Is Bitcoin a bubble? Are there future scenarios that could justify the current price? Imaging that might require a bit more of a discussion and understanding of cryptocurrencies. 

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Topics: Trading Basics, Trading Lessons, Futures, Bitcoin, U.S. Treasuries

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