The Stats … Currency pair 22 May 2023 23 May 2023 24 May 2023 25 May 2023 26 May 2023 … More
Author: Alton Drew
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% … More
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 … More
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 … More
Interbank Market News Scan: Fed funds, bitcoin, and foreign exchange rates at 9:40 am EST
The takeaway: The role of government is to feed the bond markets … Markets are not the creation of people. … More
Interbank Market News Scan: Federal funds, Treasury note, foreign exchange, and bitcoin data as of 8:15 am EST
30-Day Fed Funds Futures and Options (ZQV3): 95.205 Source: CME Group Effective Federal Funds Rate: 5.08% Federal Funds Target Range: … More