Today is a slow day but a telling one. At 10:00 this morning, the ISM Manufacturing PMI was at 48.7, lower than the consensus of 49. At 10:09, the RCM/TIPP Economic Optimum Index was down to 48.7 from a previous 50.0. When the ISM Manufacturing PMI is above 50, that indicates that the manufacturer is … Continue reading I sold two EUR/USD contracts at $0.20 …
The EUR/USD has fallen from 1.17129 around 6:00 pm ET to 1.16964 at 9:00 pm. At 10:55 pm the EUR/USD was flirting right below the 1.1700 market. Analysts over at FXStreet see the dollar losing ground if the Fed decides to go ahead with an expected 25 basis point decrease in the target range for … Continue reading A new data light day as dollar strengthens
In its quarterly report to Congress regarding its foreign exchange operations for the second quarter of 2025, the Federal Reserve and the U.S. Treasury reported that there was no intervention in the foreign exchange markets. The U.S. dollar, as measured by its broad-weighted dollar index, depreciated 5.6%. Cumulatively, the dollar has depreciated 7.5% since the … Continue reading Does Trump want to create a more independent Europe for the sake of competition for the dollar?
As I write, the EUR/USD is at 1.17139. The EUR/USD has been increasing since 4:00 am when it read 1.16823. All eyes are on Anchorage, Alaska as U.S. president Donald Trump is set to meet Russian Federation president Vladimir Putin to discuss a resolution of Russia’s war with Ukraine. Ukrainian president Volodymyr Zelenskyy has not … Continue reading As the USD continues to weaken, what does Trump get out of mediating a Russia-Ukraine peace deal?
From my events contracts trading desk … As we get closer to the meeting tomorrow between Russian president Vladimir Putin and US president Donald J. Trump, the euro tapered off some of the strengthening I saw from around 4:00 am this morning. The EUR/USD was at 1.16686 and by the close of the 6 am … Continue reading A quiet day at the CFTC and in the markets as well …
The EUR/USD closed at 1.16624 at 3:00 pm EDT. It was trading around 1.15746 this morning at about 4:00 am. Because there were no major economic data releases today, traders had more time to lament the downward revision of 258,000 jobs in May and June, the potential pullback in consumer spending as a result of … Continue reading Today’s foreign exchange action further confirms that Congress long ago abdicated its duty to regulate the value of money.
From my trading desk: A little dollar strengthening from 5:00 am to 9:00 am, then … From 5:00 am to 9:00 am, I saw dollar strengthening based on the decreasing price of the EUR/USD as reported on the NADEX. The price went from 1.15424 to 1.15354. The U.S. Bureau of Economic Analysis released its balance … Continue reading Time to discount effects of Trump’s call for a Powell removal on EUR/USD
From my trade desk … Yesterday, I had a brief conversation with my landlord about how tough it is in today’s labor market. I shared with him that my son had just left for graduate school up north. He shared his congratulations. I then shared with him how my son was one of the lucky … Continue reading Does the United States have the labor capacity to handle any benefits from its trade deal with the EU?
From the trading desk … On the eve of the 1 August deadline for U.S. trading partners to get in line with President Trump’s trade policies, the EUR/USD continues its slide toward 1.1400. Investors are still upbeat about gross domestic product in the second quarter 2025 and the 104,000 job pick up reported yesterday by … Continue reading The EUR/USD continues the bearishness. The NFA yanks membership of introducing broker Traders Edge.
Lawyers Write the Bets. Bankers Sell the Bets. 