At 8:27 am, I posted on X that it looks like the market expects a good PPI report. The price was 1.15954. Around 7:41 am the price was 1.16107. The dollar was enjoying some strengthening. But alas, at 8:30 am, we saw a spike in the EUR/USD at 1.16062. By 8:31, the price was at … Continue reading The Producer Price Index is unchanged for the month of June
July 09, 2025 WASHINGTON, D.C. — The Commodity Futures Trading Commission’s Division of Enforcement today issued an advisory to provide guidance describing its plan to address criminally liable regulatory offenses in accordance with Executive Order 14294, Fighting Overcriminalization in Federal Regulations. The advisory announces the framework to be followed when DOE, as the CFTC division responsible for … Continue reading CFTC Issues Advisory on Referrals for Potential Criminal Enforcement
12 USC Sec. 242 says the following about the eligibility, selection, and removal of a member of the Board of Governors of the Federal Reserve. Hold tight. It’s a mouthful: “The members of the Board shall be ineligible during the time they are in office and for two years thereafter to hold any office, position, … Continue reading Legal risks: Trump is getting the weakened dollar he wants. Does he have cause for removing Powell?
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
What the binary options market looks like … As of 7:19 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 $9.50 Contract closing above 1.1175. Buy at $9.90 Contract closing above 1.1125. Buy at $7.70 I … Continue reading The dollar seeing losses into the Memorial Day weekend …
One of the problems with current political leadership is that it does not understand that markets and wealth are about turning human activity into yield. To attain this understanding means moving from a mindset that is totally steeped in caretaker mode. The caretaker mode is at the core of concerns on the part of the … Continue reading Your current political leadership needs a new school of thought …
May 05, 2025 WASHINGTON, D.C. — The CFTC is committed to holding employees to the highest standards, as expected by American taxpayers. Pursuant to the President’s executive orders on lawful governance and accountability, the CFTC has placed staff on administrative leave for potential violations of laws, government ethics requirements and professional rules of conduct. Investigations … Continue reading CFTC Staff on Leave Pending Investigation
What is a pre-arranged trade? Whether you are a retail trader or a professional market maker or broker, a trader has to stay mindful when protecting herself from what appears to be market manipulation and a market maker should avoid engaging in activities that unintentionally causes him to manipulate prices. Among activities that can impact … Continue reading Pre-arranged trade. It’s about keeping risk in the market.
Political power is about keeping the electorate in a state of belief. It is not about getting the electorate to a place of individual knowing and understanding. Individuals who know and understand have overcome fear and confronted the monster of scarcity that is spawned by our psyche. By arguing scarcity, power creates the idea that … Continue reading Traders should understand political narrative is about keeping you in a state of belief.
Lawyers Write the Bets. Bankers Sell the Bets. 