Category: binary options

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Interbank market news scan: Will trader sentiment push EUR/USD below 1.0321?

Analysts at FXStreet see no turn around in Europe’s growth woes especially given rising gas prices this winter. MarketWatch reports the current DXY is at 108.88 (12:21 AM EST) and FXStreet analysts can see the DXY going as high as 110.0 before making a pullback. FXStreet analysts also see continued dollar strengthening expecting the EUR/USD … Continue reading Interbank market news scan: Will trader sentiment push EUR/USD below 1.0321?

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The 119th Congress takes its seat tomorrow as the dollar continues to strengthen.

The GOP-controlled 119th Congress will take its seat around noon tomorrow. Over in the House chamber, there will be a vote for the Speaker of the House. Meanwhile, results from the Pan-European Manufacturing Purchasing Managers Index demonstrates the danger of making a five day call on where the EUR/USD may end up at week’s end. … Continue reading The 119th Congress takes its seat tomorrow as the dollar continues to strengthen.

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Looking behind the gardened walls of central banks

Where are the trading desks of the Federal Reserve System and the European Central Bank moving markets? Back in mid-December, the Federal Open Market Committee directed its trading desk at the Federal Reserve Bank of New York to undertake open market operations to maintain the federal funds rate between the target range of 4.25% and … Continue reading Looking behind the gardened walls of central banks

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I expect the EUR/USD to fall between 1.0288 and 1.0401. Also, Elon needs to tamp it down.

All is quiet as the U.S. prepares for Christmas along with the rest of the Anglo world. Last week I expected the EUR/USD to close above 1.0275 and it did at 1.0494. The current spot rate at 6:11 pm EST is 1.04412. I see one NADEX contract expiring on Friday at 3:00 pm with a … Continue reading I expect the EUR/USD to fall between 1.0288 and 1.0401. Also, Elon needs to tamp it down.

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Narrative. Perception. Sentiment. And the dollar continues to strengthen against the yen.

Narrative. Perception. Sentiment. That is what I saw tonight in play after the Bank of Japan released its statement on monetary policy. The USD/JPY was trading today around 153.786 at 1:00 pm EST. At 2:00 pm EST, when the Federal Open Market Committee released its statement, the yen had fallen, reflected in a USD/JPY of … Continue reading Narrative. Perception. Sentiment. And the dollar continues to strengthen against the yen.

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I don’t expect the EUR/USD to exceed 1.1168 by weekend. That could change, of course.

I don’t expect the EUR/USD to exceed 1.1168 by 3:00 pm Friday, 4 October 2024. My initial assessment is based on the German bund 10-year yield of 2.135% and a U.S. 10-year bond yield of 3.756%, per MarketWatch. Per X-rates.com, the current EUR/USD is 1.1166 as of 9:59 pm EST. (Interested in proprietary trading? Determine … Continue reading I don’t expect the EUR/USD to exceed 1.1168 by weekend. That could change, of course.

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Governments create bond markets and tax burdens. Keep your political activity within that parameter….

There was a scene in an episode of “Game of Thrones” where Jamie Lannister and his men sacked a castle and took off with loads of grain and other food stuff. That is how the vast majority of us feel during tax season: that the government, like Jamie Lannister, is coming around to haul away more … Continue reading Governments create bond markets and tax burdens. Keep your political activity within that parameter….