Category: foreign exchange

Posted on

Interbank market: At 8:29 am EST. Federal Reserve reference rates and fed funds options rate.

30-day Federal Funds Futures: 94.55 Interest on Reserve Balances: 5.40% Discount Window Rate: 5.50% Effective Federal Funds Rate: 5.33% EUR/USD: 1.0571 GBP/USD: 1.2202 We will circle back around later today after taking a look at Federal Reserve sentiment and any other political action that may impact the betting markets. Banks broker the bets. Lawyers write … Continue reading Interbank market: At 8:29 am EST. Federal Reserve reference rates and fed funds options rate.

Posted on

Binary options: How the dollar is expected to fare at week’s end.

Data from NADEX as of 11:55 pm shows the EUR/USD has a probability of .7525 that the currency pair’s price will exceed 1.0525 on 13 October 2023. The current rate reported by x-rates.com is 1.0570. The USD/JPY has a probability of .500 of exceeding 148.75 by week’s end. The current rate is 148.6382. Meanwhile, the … Continue reading Binary options: How the dollar is expected to fare at week’s end.

Posted on

Could dollar weakening be in anticipation of the jobs report?

Currency pair 2 October 2023 3 October 2023 4 October 2023 5 October 2023   EUR/USD 1.0489 1.0472 1.0508 1.0547 Dollar weakening GBP/USD 1.2099 1.2077 1.2139 1.2193 Dollar weakening AUD/USD 0.6366 0.6303 0.6322 0.6370 Flat USD/JPY 149.8064 148.8225 149.1097 148.5140 Dollar weakening USD/CHF 0.9180 0.9207 0.9171 0.9131 Flat USD/CAD 1.3671 1.3711 1.3744 1.3714 Dollar strengthening … Continue reading Could dollar weakening be in anticipation of the jobs report?

Posted on

Should traders pray for state intervention in foreign exchange markets?

If I am assessing the probability of the exchange rate of a currency pair exceeding a certain price at a certain time, that expectation is going to be based, in part, on what government action may or may not occur. For all the anti-intervention chatter we hear from asset managers all over mainstream and social media, going through the following back-of-the napkin exercise has brought me to a contrarian view. Maybe some of these asset managers would like to see some kind of government action that creates profits for them. Continue reading Should traders pray for state intervention in foreign exchange markets?

Posted on

I have come to see that trading is the skill we need going forward into the 21st century …

The deluge of information makes it harder for we old heads to process info much less younger minds who are, unfortunately, not the greatest of critical thinkers. This need to vet leads to the second piece of insight: seek out platforms that can help you get to clarity. Continue reading I have come to see that trading is the skill we need going forward into the 21st century …

Posted on

I heard you should trade like a central bank. Let’s see what the Federal Reserve trading desks are waking up to on 5 September 2023.

The old adage is that 99% of retail traders fail. I believe that we are failing because we are not good at obtaining and trading the most valuable commodity: information and knowledge. That failure is compounded when we push up against the hourglass of time. Continue reading I heard you should trade like a central bank. Let’s see what the Federal Reserve trading desks are waking up to on 5 September 2023.

Posted on

As BRICS expands, what is the Federal Reserve looking at in terms of rates at 8:12 am EST, 24 August 2023.

At issue currently is the division among current members as to how fast the coalition should grow. In addition, there is also the issue of having an infrastructure in place that can support the movement of financial capital in a bloc made up of 40% of the world’s population. Continue reading As BRICS expands, what is the Federal Reserve looking at in terms of rates at 8:12 am EST, 24 August 2023.