For merchants entering forward contracts for their international trade, they should keep in mind that markets, overall, are not too concerned about who wins the U.S. presidency, especially given the good odds that the Congress will be split and that whoever is chosen as Treasury secretary will likely maintain the U.S. policy of a strong dollar. Continue reading When it comes to inflation, those Europeans are violent …
Today, at 7:06 am EST, the EUR/USD was trading at 1.1094. This reflected a price decrease from the 1.1143 price from yesterday. My take on the euro is that there appears to be less demand for it, not only based on its price but on a consumer expectations survey from the European Central Bank last … Continue reading Israel v Iran: The foreign exchange market is telling me to cool it.
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.
What I did not hear last night: who will be your pick for chairman of the Council of Economic Advisors? Who will be the director of the National Economic Council? Who would you select as chairman of the Board of Governors-Federal Reserve System? Who will you choose as Treasury secretary? (People are looking for ways … Continue reading What was missing from last night’s debate? An idea as to who will lead a Trump or Harris economy.
This is a crazy sounding observation, but the Democrats may do best on the economy because of their preference for a high tax regime. I am not a proponent of the modern monetary theory or high taxes. I am not a proponent of taxes at all, but there is something to the MMT argument that … Continue reading Maybe the Democrats do best on the markets because they enjoy taxing us.
It is tough to nail down Ms. Harris’ view on the currency and interest rates since Mr. Biden’s announcement three days ago that he was discontinuing his campaign for a second term. So far, her outreach efforts have included a couple speeches to black sororities, a meet and greet with her campaign staff in Wilmington, … Continue reading In the immediate term, the next president will have to think about who the next Fed chair will be.
Plenty of chatter on the business cable news channels and online press about the “Trump Trade.” The first time I heard this term, I was shuttled back to November 2016 when the business media proclaimed a “Trump Effect” on the markets. The media reported back then the market expectations of economic growth resulting from forecasted … Continue reading What is the Trump Trade? At a minimum, pre-mature.
The Jamaican dollar strengthened against the U.S. dollar falling to USD/JMD =155.2098 from USD/JMD=155.6799 reported on 24 June 2024. The Trinidad dollar showed some weakening climbing from USD/TTD=6.7371 to USD/TTD=6.7558. USD/XCD=2.7000 USD/BBD=1.9800 USD/TTD=6.7558 USD/JMD=155.2098 USD/BSD=1.0000 USD/GYD=207.9800 Alton Drew 26 June 2024 Disclaimer: The data and output from this blog post does not constitute investment or legal … Continue reading Caribbean foreign exchange rates as of 8:54 am AST.
USD/XCD=2.7000 USD/BBD=1.9800 USD/TTD=6.7371 USD/JMD=155.6799 USD/BSD=1.0000 USD/GYD=207.9800 No change reported in price of the dollar in terms of select Caribbean currency since this morning. Alton Drew 25 June 2024 Ready for your next trader challenge? Visit https://traderswithedge.com/?r=348. Disclaimer: The data and output from this blogpost does not constitute investment or legal advice and is not a personalrecommendation … Continue reading Caribbean foreign exchange rates as of 5:50 pm AST.
Lawyers Write the Bets. Bankers Sell the Bets. 