Author: Alton Drew

I graduated from The Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). I am a member of the Maryland Bar and practice political law. You can email me at altondrew@gmail.com.
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Retail foreign exchange dealer news scan: Federal Reserve administered and referenced rates as of 8:00 pm EST.

Effective Federal Funds Rate: 5.33% Overnight Bank Funding Rate: 5.32% Secured Overnight Financing Rate: 5.31% Broad General Collateral Rate: 5.30% Tri-Party General Collateral Rate: 5.30% Interest on Reserve Balances: 5.40% Discount Window: 5.50% EUR/USD=7.8118 USD/JPY=157.2800 GBP/USD=1.2685 AUD/USD=0.6617 Sources: Board of Governors-Federal Reserve System. Federal Reserve Bank of New York. Continue reading Retail foreign exchange dealer news scan: Federal Reserve administered and referenced rates as of 8:00 pm EST.

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Should the executive power be applied to help out the Fearless Fund? No.

Strategically, it makes sense that Fearless Fund would seek to apply one prong of the State’s power, the Executive, to help settle whether a mechanism that creates, extracts, and distributes capital is being fairly deployed. Alliance was the first to pull the State power trigger when it filed its suit last year. The issue here is should Mr. Biden issue an executive order? My answer is no. Continue reading Should the executive power be applied to help out the Fearless Fund? No.

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Retail foreign exchange trader news scan: Central digital currencies: The Republicans ignore the Constitution with HR 5403…

The value of the U.S. currency needs to be increased so that investment capital comes to the United States, and if invested into productive activity, is placed into the hands of American labor via wages. The GOP failed to take currency valuation into account when its congressional caucus pushed through HR 5403. HR 5403 prohibits … Continue reading Retail foreign exchange trader news scan: Central digital currencies: The Republicans ignore the Constitution with HR 5403…

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Retail foreign exchange trader news scan as of 1:30pm AST, Vice-chair Jefferson’s speech focuses on housing policy.

United States. Federal Reserve System. The dollar. Covered interest rate parity. Swaps. Christopher J Waller. ” … there has, for some time, been commentary predicting that the dollar is destined for demise—potentially an imminent demise. Such predictions have not materialized. However, the role of the United States in the world economy is changing, and finance … Continue reading Retail foreign exchange trader news scan as of 1:30pm AST, Vice-chair Jefferson’s speech focuses on housing policy.

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Retail foreign exchange trader news scan: Iranian president is missing …

Iran. Ebrahim Raisi. “Rescue teams are trying to locate Iranian President Ebrahim Raisi after his helicopter was forced into an emergency landing on his way back from a visit to the country’s northwest.” — Bloomberg. Nigeria. Central Bank of Nigeria. naira. “Central bank intervention this week failed to stop slide in Nigeria’s naira to a … Continue reading Retail foreign exchange trader news scan: Iranian president is missing …

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Retail foreign exchange trader news scan as of 12:19 am AST. Emerging country central banks boost foreign exchange reserves.

Yen. Depreciation. Profit erosion. “A majority of Japanese companies considers the yen’s recent weakness as a negative factor for their businesses, according to a recent survey. About 64% of firms surveyed said the recent depreciation of the yen has eroded their profits …” — Bloomberg. Bank of Japan. Yen. Bonds. “The Bank of Japan left … Continue reading Retail foreign exchange trader news scan as of 12:19 am AST. Emerging country central banks boost foreign exchange reserves.

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Retail foreign exchange trader news scan as of 6:46 pm AST. Mester wants to see more progress toward lower inflation.

Reference rates per Board of Governors-Federal Reserve System Interest on Reserve Balances: 5.40% Discount Window Rate: 5.50% Effective Federal Funds Rate: 5.33% Source: Board of Governors of the Federal Reserve System Foreign exchange rates AUD/USD=0.6677 NZD/USD=0.6121 USD/JPY=155.39 GBP/USD=1.2672 EUR/USD=1.0868 USD/CAD=1.3615 USD/MXN=16.6852 Source: x-rates.com (Are you ready for your next trader challenge? Visit https://toptiertrader.com/?ref=1449) Head of … Continue reading Retail foreign exchange trader news scan as of 6:46 pm AST. Mester wants to see more progress toward lower inflation.