The few that control financial and natural resources are as much afraid of uncertainty as you or I. Quelling uncertainty requires a model for managing expectations and in a credit-driven political economy that means determining before-hand where interest rates and yields should end up.
Consigliere: I am already seeing the impact of the debt ceiling deal…
The Speaker of the U.S. House, Kevin McCarthy, and the President of the United States, Joseph R. Biden, came to…
Interbank Market News Scan: Yen value against the dollar decreased while spreads tightened…
The Stats … Currency pair 22 May 2023 23 May 2023 24 May 2023 25 May 2023 26 May 2023…
Good-bye, Ms. Turner….
The Interbank Market News Scan: I expect the euro to continue dropping throughout the day… 8:45 AM EST
Looming in the background is the negative impact a slowed down economy will have on the Biden Administration and to a lesser extent the incumbents in the Congress. As the Biden Administration and the Congress negotiate the debt ceiling, there is the threat that fiscal policy in the form of higher taxes may be offered up as a way to shore up lacking tax revenue. This will also put a crimp on household and business spending.
Interbank Market News Scan: I expect the EUR/USD to close above 1.0808 tomorrow.
The Stats … 30-Day Federal Funds Options (ZQV3): 94.99 Source: CME Group. Effective Federal Funds Rate: 5.08% Discount Window: 5.25%…
Interbank market news scan: Most of us are digital serfs. Some of us will learn to trade.
The upside for the “knowledge worker” is that if she plays her cards right, she can go from being a digital version of a tenant farmer and trade her own coin. She has the research ability and given the digital tools that she likely helped develop, she can identify opportunities for trade and actively enter the markets. This is why I shed no tears about engineers being laid off from Facebook, Google, or Twitter. You have the digital skills and the severance pay to become traders.
Interbank Market News Scan: What retail traders should look at from the Federal Reserve perspective at 8:43 am EST.
The Stats … 30-Day Federal Funds Futures and Options: 95.135 Source: CME Group. Effective Federal Funds Rate: 5.08% Federal Funds…
Interbank Market News Scan: What retail traders should be looking at from the Federal Reserve perspective. 10:56 AM EST.
The Stats … 30-Day fed Funds Futures and Options (ZQV3): 95.145 Source: CME Group. Effective Federal Funds Rate: 5.08% Federal…