As a binary options trader, I don’t care about cuts in the federal funds rate outside of where an announcement moves the price of the EUR/USD in the short term. But as someone who has to work for a living and is in need of a boost to their capital, a lowered rate of interest … Continue reading Am I pleased with the EUR/USD?
There is ongoing concern of a threat by the Executive Branch to the independence of the Federal Reserve System, specifically influence by the Executive Office of the President on the decisions made by the Federal Open Market Committee on monetary policy. I do not think the issue is political threats to the independence of the … Continue reading It is less about political interference with the Fed and more about the degree of interference.
The biggest takeaway from today’s sit downs with Raphael Bostic, president of the Federal Reserve Bank of Atlanta and Austan Goolsbee, president of the Federal Reserve Bank of Chicago, was the continued need for the independence of the Federal Reserve System from political influence and that the maximum employment mandate was not at risk given … Continue reading Of Bostic, Goolsbee, tariffs, and the Panama Canal.
Federal Reserve Bank of Atlanta president and chief executive officer Raphael Bostic and Federal Reserve Bank of Chicago president and chief executive officer Austan Goolsbee will each deliver remarks today on monetary policy and issues pertinent to the districts within which their banks operate. President Goolsbee is a member of this year’s Federal Open Market … Continue reading Will Bostic or Goolsbee say something that will move the markets today?
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.
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 …
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?
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
Back on 7 July, the EUR/USD spot price was at 1.17802 around 8:09 am. I had determined a forward rate of 1.1775 for 9 July 2025. At 7:02 am, the EUR/USD was at 1.17029 and I recalculated the forward rate for this Friday at 1.1701. The spot price is the price in the marketplace at … Continue reading As we await the FOMC minutes, EUR/USD shows some dollar strengthening.
Lawyers Write the Bets. Bankers Sell the Bets. 