Category: proprietary trading

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Traders should not care whether a candidate is Republican or Democrat. It’s the tax flow that matters.

People connect for the purpose of exchanging value. No value, no reason to connect. Money is energy that we exchange with each other. The State seeks to extract a portion of that energy in the form of taxes. It uses market transactions as generators of taxable events. The taxes collected on these events fund the … Continue reading Traders should not care whether a candidate is Republican or Democrat. It’s the tax flow that matters.

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I heard you should trade like a central bank. Let’s see what the Federal Reserve trading desks are waking up to on 5 September 2023.

The old adage is that 99% of retail traders fail. I believe that we are failing because we are not good at obtaining and trading the most valuable commodity: information and knowledge. That failure is compounded when we push up against the hourglass of time. Continue reading I heard you should trade like a central bank. Let’s see what the Federal Reserve trading desks are waking up to on 5 September 2023.

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What interest rates are staring back at the Federal Reserve. 12:26 am EST 30 August 2023.

Fed Funds Futures. 30-Day Federal Funds Futures rate=94.56 Source: CME Group. Federal Reserve Reference Rates. Discount window rate=5.50% Interest on reserve balances=5.40% Effective federal funds rate=5.33% Overnight reverse repo rate=5.30% Source: Board of Governors of the Federal Reserve System. Federal Reserve Bank of New York. Treasurys. 30-year rate=4.29% 10-year rate=4.20% Source: Board of Governors of the Federal Reserve System. … Continue reading What interest rates are staring back at the Federal Reserve. 12:26 am EST 30 August 2023.

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The Interbank: What the Federal Reserve is looking at in terms of rates at 8:35 am EST, 25 August 2023.

The quick take … The 30-year and 10-year bond rates appear to have reversed from yesterday. The longer term 30-year should in theory be higher than the 10-year. Our forte is not bond analysis but in theory this rate relationship typically indicates that the markets are seeing a decline in risk. The further out the … Continue reading The Interbank: What the Federal Reserve is looking at in terms of rates at 8:35 am EST, 25 August 2023.

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Federal Reserve sees 30-year and 10-year rates continue to inch up. 15 August 2023, 9:51 pm EST

Foreign exchange. EUR/USD=1.0957 GBP/USD=1.2694 AUD/USD=0.6493 NZD/USD=0.5983 USD/CHF=0.8765 USD/JPY=144.9400 USD/CAD=1.3437 Treasuries. 30-year=4.29% 10-year=4.19% Reference rates. Discount window=5.50% Interest on reserve balances=5.40% Effective federal funds rate=5.33% Overnight reverse repo rate=5.30% Sources: Board of Governors-Federal Reserve System. Federal Reserve Bank of New York. Disclaimer: The data and output from this blog post does not constitute investment or legal advice … Continue reading Federal Reserve sees 30-year and 10-year rates continue to inch up. 15 August 2023, 9:51 pm EST