The takeaway … I received a view of my blog from Morocco. That is the cool thing about this blog; I get to engage with people from around the world. I have never been to Morocco or the African continent for that matter. My son has been to Morocco and I have family in The … Continue reading Something stands out about foreign exchange broker spreads for the US dollar and Moroccan dirham.
The takeaway …. The Federal Open Market Committee is expected to announce no change in the target range for the federal funds overnight rate. The current target range is 5.25-5.50%. The federal funds rate is the rate banks charge for lending their reserves to each other overnight. The current effective (weighted) rate is approximately 5.33%. … Continue reading Foreign exchange, fed funds futures, and bond yields as of 9:35 am EST
AUD/USD=0.63201 There is more to Australia than the Australian Open, which I look forward to each year because it signals the beginning of the tennis season ( For my fellow tennis-heads, the dates are 14 January to 28 January 2024). Prior to the tennis hardcourt play down under is the political hardcourt play in the … Continue reading Will the AUD/USD keep falling through end of the week? Can Biden influence Albanese’s visit to China?
We are in the quiet period here in the United States where the Federal Reserve conducts its media blackout prior to its next Federal Open Market Committee meeting. The markets are expecting at least one more change in the federal funds rate, the rate at which member banks lend each a portion of the reserves … Continue reading What is the Federal Reserve’s sentiment prior to its November meeting? Does it impact you?
The data … 30-day Federal Funds Futures: 94.55 Interest on Reserve Balances: 5.40% Discount Window: 5.50% Effective Federal Funds Rate: 5.33% U.S. Treasury 10-year bond: 4.91% The takeaway … Between August 2022 and August 2023, the U.S. monetary base has fallen 2.36%. The monetary base is comprised of currency in circulation and reserve balances. Currency … Continue reading Interbank market: At 11: 56 pm EST, no change in the 30-day Federal Funds Futures …
30-day Federal Funds Futures: 94.55 Interest on Reserve Balances: 5.40% Discount Window Rate: 5.50% Effective Federal Funds Rate: 5.33% EUR/USD: 1.0571 GBP/USD: 1.2202 We will circle back around later today after taking a look at Federal Reserve sentiment and any other political action that may impact the betting markets. Banks broker the bets. Lawyers write … Continue reading Interbank market: At 8:29 am EST. Federal Reserve reference rates and fed funds options rate.
How do you as a market maker extract energy from the political economy? First, under your role within the State. You are the State. Bankers, lawyers, traders, and commodities owners and producers are the State. Within this group is held the philosophy and narrative for the extortion of the underlying political economy. When I say … Continue reading Market makers: How do you extract energy from the economy?
Data from NADEX as of 11:55 pm shows the EUR/USD has a probability of .7525 that the currency pair’s price will exceed 1.0525 on 13 October 2023. The current rate reported by x-rates.com is 1.0570. The USD/JPY has a probability of .500 of exceeding 148.75 by week’s end. The current rate is 148.6382. Meanwhile, the … Continue reading Binary options: How the dollar is expected to fare at week’s end.
Currency pair 2 October 2023 3 October 2023 4 October 2023 5 October 2023 EUR/USD 1.0489 1.0472 1.0508 1.0547 Dollar weakening GBP/USD 1.2099 1.2077 1.2139 1.2193 Dollar weakening AUD/USD 0.6366 0.6303 0.6322 0.6370 Flat USD/JPY 149.8064 148.8225 149.1097 148.5140 Dollar weakening USD/CHF 0.9180 0.9207 0.9171 0.9131 Flat USD/CAD 1.3671 1.3711 1.3744 1.3714 Dollar strengthening … Continue reading Could dollar weakening be in anticipation of the jobs report?
Lawyers Write the Bets. Bankers Sell the Bets. 