The euro had a funny week (or nerve wracking, depending on how you look at it). On Monday it dropped to almost 1.19 but as of Friday’s close we’re at 1.22. What people think caused it – German coalition talks. Or was it something we managed to identify two weeks ago in this New Year’s article?
The cryptocurrency world also had one currency that was more dynamic than the rest. This time it was Ripple, whose centralized blockchain aimed at faster international payments through companies and banks, made a lot of fans.
After reaching new highs of $3.31 on the 3rd of January it saw a dramatic drop of around 50%. Things look to have stabilized right now at $1.88, especially after they announced a partnership with Moneygram. Here’s our take on where XRP is headed.
One stock turned into a highlight for us this week – Illumina (NASDAQ: ILMN). We seem to have found a company with an Elliott Wave count pointing at a significant retracement. Check out our analysis on the biotech company.
It was another big week for Crude Oil traders, with another key level being overtaken on this bullish march. You could say $64 fell without a fight. We’ve got our weekly analysis for it and six more instruments in our Premium Analysis Section.