Companies added fewer workers than projected in February according to this morning’s ADP report. Emerging-market stocks rose for a second day while Europe and U.S. equities were little changed. Stocks rebounded yesterday after Putin said there was no immediate need to invade eastern Ukraine.
The current environment suggests that most of the Bitcoin appreciation/depreciation might take place in very short periods of time. On the other hand, these moves might be short-lived if they are not followed by more capital.
In 2013, forex trading was linked intimately to expectations regarding changes in the Federal Reserve’s quantitative easing policy. Certainly, in 2014 market expectations will continue to focus on the future of tapering policy.