Category: foreign exchange

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Trump’s call on Powell to lower benchmark rates has no impact on direction of foreign exchange rates.

Reuters today posted yet another call by U.S. President Donald Trump for Jerome Powell, chairman of the Federal Open Market Committee to lower the target range for the federal funds rate. The target range for the federal funds rate is currently between 4.25% and 4.50%. The federal funds rate is a weighted average of the … Continue reading Trump’s call on Powell to lower benchmark rates has no impact on direction of foreign exchange rates.

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Trump’s poorly played short term currency policy exposes Europe’s long term currency complacency …

From my trading desk … FX Street is reporting today that traders of the EUR/USD should expect continued slides in the euro. I concur in their assessment given what I saw in the charts on the NADEX from 10:00 am yesterday morning to 11:00 pm that evening. The EUR/USD went from a close of 1.16375 … Continue reading Trump’s poorly played short term currency policy exposes Europe’s long term currency complacency …

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Will the EUR/USD be impacted by France’s recognition of a Palestinian state?

According to a report in Reuters, France intends to recognize a Palestinian state during the United Nations General Assembly this September. Reuters quotes France’s president Emmanuel Macron as saying, “True to its historic commitment to a just and lasting peace in the Middle East, I have decided that France will recognise the state of Palestine.”  … Continue reading Will the EUR/USD be impacted by France’s recognition of a Palestinian state?

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Federal Court Orders UK Firms, Residents from China, Oklahoma to Pay $19M in CFTC Fraud Case

July 24, 2025 WASHINGTON, D.C. — The Commodity Futures Trading Commission announced today the U.S. District Court for the Western District of Washington has resolved all claims the CFTC filed in its September 2024 complaint against Qian Bai and Chao Li, both residents of the People’s Republic of China, their co-conspirator Lan Bai, a resident of Oklahoma, as well as Aipu Limited and Fidefx Investments Ltd., which … Continue reading Federal Court Orders UK Firms, Residents from China, Oklahoma to Pay $19M in CFTC Fraud Case

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Renewed Statement of Commitment to the FX Global Code

Source: The Federal Reserve Bank of New York July 18, 2025 “The Federal Reserve Bank of New York (New York Fed) today released its renewed Statement of Commitment to the FX Global Code (Code). The Code, which was initially published May 2017, is a set of global principles of good practice in the foreign exchange market, developed to provide a … Continue reading Renewed Statement of Commitment to the FX Global Code

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Binary options: Did Trump’s tariff letters upset the EUR/USD?

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?