Category: foreign exchange

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Binary options: What weighed on trader minds last night; first glance at Global South FX rates.

What has been weighing on the minds of binary options traders? Traders who purchased the NADEX binary options contract for the EUR/USD>1.1340 expiring at 11pm last night won their bet. The contract closed at 1.13761. The idea that the European Central Bank will cut its interbank rates tomorrow likely influenced traders’ outlook on the trajectory … Continue reading Binary options: What weighed on trader minds last night; first glance at Global South FX rates.

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Binary options: Eyes on the Global South. Not too surprised about last night’s EUR/USD close.

I am going to start paying more attention to the Global South. I flirted with what is happening in the Caribbean and Africa regarding their currencies and central banks and it is time to do so again. Granted, their currencies are considered by the west to be “exotic” pairs, but you cannot ignore the shifts we are seeing particularly on the Continent. Continue reading Binary options: Eyes on the Global South. Not too surprised about last night’s EUR/USD close.

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NFA orders New York, N.Y. retail foreign exchange dealer OANDA Corporation to pay a $600,000 fine

May 29, Chicago—NFA has ordered OANDA Corporation (OANDA), an NFA Member retail foreign exchange (forex) dealer and futures commission merchant headquartered in New York, N.Y., to pay a $600,000 fine. The Decision, issued by NFA’s Business Conduct Committee (BCC), is based on a Complaint issued by the BCC and a settlement offer submitted by OANDA, in which the firm neither … Continue reading NFA orders New York, N.Y. retail foreign exchange dealer OANDA Corporation to pay a $600,000 fine

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I don’t think Trump wants to withdraw from the globe. Currency outlooks should reflect this.

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.

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The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter

May 15, 2025 NEW YORK—The Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets during the January – March 2025 quarter, the Federal Reserve Bank of New York said today in its quarterly report to the U.S. Congress. The U.S. dollar, as measured by the Federal Reserve Board’s broad trade-weighted dollar index, … Continue reading The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter

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The dollar weakens in the face of a UK-EU defense and trade reset. A credit downgrade did not help.

As of 8:05 am 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 $6.90 Contract closing above 1.1175. Buy at $8.40 Contract closing above 1.1125. Buy at $9.20 Contract closing above 1.1075. Buy at $9.90 Contract closing … Continue reading The dollar weakens in the face of a UK-EU defense and trade reset. A credit downgrade did not help.

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So far, a 98% chance the EUR/USD will close above 1.1025 this Friday

As of 6:12 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 $4.10 Contract closing above 1.1175. Buy at $5.00 Contract closing above 1.1125. Buy at $7.70 Contract closing above 1.1075. Buy at $9.10 Contract closing … Continue reading So far, a 98% chance the EUR/USD will close above 1.1025 this Friday