Scammers are on the prowl … As more individuals explore the idea of trading for themselves, the high fail rate for retail traders is compounded by the number of scam artists seeking to take advantage of novice and savvy traders alike. The following is an excerpt from an article published by the Commodity Futures Trading … Continue reading Binary options trading: How to spot the scammer.
What the data is telling me … At 8:33 am today, I saw further slight strengthening in the US dollar against the euro and the yen. Data from Reuters evidenced declines from yesterday in the yields of ten-year bonds out of the United States, United Kingdom, Australia, Germany, and Japan. These declines told me that … Continue reading Is a recession around the corner?
The Middle Class may serve two masters … Real estate analyst Melody Wright made an observation today on the Julia La Roche Show that is in line with my thinking over the past few months. This economy, she noted, is becoming one where labor services the rich or the less fortunate. Restaurants, financial services, etc., … Continue reading The markets: It’s the exploding froth on the water that gives real information.
I just finished reading an article written by David Kelly, chief global strategist at JP Morgan Asset Management. In the article, Dr. Kelly shares his thoughts on what he describes as “the delicate health of the economic expansion.” Dr. Kelly estimates that gross domestic production may be viewed as stagnant based on GDP numbers due … Continue reading Investor protection: Why a trader should be wary of her broker’s knowledge of the economy.
The bet … Over the weekend, I estimated the EUR/USD would be 1.1380 on Friday 2 May 2025. As of 10:27 pm AST, the spot rate is 1.1350, citing data from x-rates.com. Using the European Central Bank short-term rate of 2.169% and the U.S. 4-week Treasury rate of 4.23% as reported by the Federal Reserve … Continue reading Will the EUR/USD to be at 1.1380 on Friday? Will that change at mid-week?
A Reuters article posted earlier last week discussed China’s desire to open up its exchange traded funds to Western market makers. The article mentions Citadel, an alternative investment manager, and Jane Street, a trading firm. According to Reuters: “Over the last two years, Chinese authorities have issued more licences (sic) and encouraged the development of … Continue reading Western banks doing business in China tells me there won’t be a kinetic war anytime soon.
Should I bet against the euro? At 1.0959 and not too cheery attitude out of the Eastern Central Bank, maybe I should find a contract and take the sell side. Reuters cited ECB policymaker Isabel Schnabel’s belief that Europe is facing structural headwinds exacerbated by a surge in uncertainty that could get worse with U.S. … Continue reading EUR/USD, the euro: Europe’s yearning for world war days does not impress me.
What I’m reading today: A Lawyer’s Perspective on U.S. Payment System Evolution and Money in the Digital Age. Source: Board of Governors of the Federal Reserve System. In 2022, the Board of Governors of the Federal Reserve System published a paper authored by Jess Cheng and Joseph Torregrossa discussing the legal underpinnings of the payment … Continue reading U.S.-Eastern Caribbean Interbank Market as of 1:00 pm AST: Thoughts on capturing legal risks in interest rates …
What I am reading today. U.S. Supreme Court. Federal Communications Commission. Universal Service. Today, the United States Supreme Court entertains three questions regarding the non-delegation doctrine and universal service for telecommunications companies. 1. Whether Congress violated the nondelegation doctrine by authorizing the Commission to determine, within the limits set forth in Section 254, the amount … Continue reading U.S.-Eastern Caribbean Interbank Market News Scan as of 12:17 pm AST: US Supreme Court listens to arguments about non-delegation doctrine.
Lawyers Write the Bets. Bankers Sell the Bets. 