I bought a EUR/USD contract speculating on a close above 1.1700 by 11 am this morning. At 11:00 am, the EUR/USD price at expiration was 1.17385. Tariff uncertainty dominated the media scuttlebutt as markets kept all eyes on President Trump’s letter writing campaign. According to CBS News, Mr. Trump was to send tariff increase letters … Continue reading Binary options: Did Trump’s tariff letters upset the EUR/USD?
President Trump has not yet posted on whitehouse.gov his pleasure with today’s jobs situation report. He likely said something on Truth Social, but I am just about up to here with social media so I will wait on Mr. Trump to use the public channels for expressing his glee. The report out of the U.S. … Continue reading Binary options: What I expect Trump to say about the jobs report.
12 USC Sec. 242 says the following about the eligibility, selection, and removal of a member of the Board of Governors of the Federal Reserve. Hold tight. It’s a mouthful: “The members of the Board shall be ineligible during the time they are in office and for two years thereafter to hold any office, position, … Continue reading Legal risks: Trump is getting the weakened dollar he wants. Does he have cause for removing Powell?
Jerome Powell, chairman of the Board of Governors of the Federal Reserve System wrapped up his semi-annual visit to Capitol Hill basically saying all is well with the Fed’s implementation of monetary policy. Chairman Powell assured both the House yesterday and the Senate today that the labor market was at or near maximum employment although … Continue reading Not much moved me about Chairman Powell’s testimony this week …
President Donald Trump is upset at Israel for “unloading” on Iran after declaring a ceasefire. Mr. Trump does not appreciate that after fighting “so long and so hard that they don’t know what the fuck they’re doing” amounts to Iran, Israel, and the US being in a porn movie. Unloading after a ceasefire should have … Continue reading Iran, Israel, and the US version of a porn movie.
A ceasefire is not a peace deal and hostilities between Iran and Israel are merely on simmer. Two countries with so much animosity against each other are not going to kiss and make up after twelve days of bombing, strafing, and killing. The ceasefire between Israel and Iran announced today by U.S. President Donald J. … Continue reading US-Israel-Iran: Did Trump do Netanyahu and Khamenei a solid?
Today’s takeaway … US tariff policy still in limbo. If the dollar strengthened after yesterday’s court decision that the President’s tariffs were the result of a misapplication of trade law, that strengthening was short-lived in light of today’s appellate ruling that keeps the President’s tariffs in play for now. (Ready for your next trader challenge? … Continue reading The U.S. Court of International Trade found Trump’s mercantilist message ultra vires. US Court of Appeals-Federal Circuit says hold on …
Calling Trump’s bluff … European and British banks have been and still are collateralizing Africa and Asia for centuries. Since the mid 1940s, the United States has been providing the military and mercenary duties necessary for protecting European and British extraction of resources from these areas of the world. (Ready to step up your trading … Continue reading I don’t think Trump wants to withdraw from the globe. Currency outlooks should reflect this.
What the binary options market looks like … As of 7:19 pm EST, the NADEX offered the following binary options contracts for the EUR/USD expiring this Friday (23 May 2025) at 3 pm: Contract closing above 1.1225. Buy at $9.50 Contract closing above 1.1175. Buy at $9.90 Contract closing above 1.1125. Buy at $7.70 I … Continue reading The dollar seeing losses into the Memorial Day weekend …
Lawyers Write the Bets. Bankers Sell the Bets. 