Category: retail foreign exchange

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Again, foreign exchange and bond yields looked flat today and I wonder if the US really wants lower rates.

The pound-dollar and euro-dollar were flat today, 27 February 2024, with the dollar yen making the biggest move between 9:14 am and 4:15 pm. According to data I obtained from Bloomberg, the GBP/USD increased three pips, from 1.2682 to 1.2685. The EUR/USD decreased four pips, from 1.0848 to 1.0844. The USD/JPY increased 1600 pips moving … Continue reading Again, foreign exchange and bond yields looked flat today and I wonder if the US really wants lower rates.

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A quiet day yesterday in the United States as foreign exchange markets got ready for Asia to open.

10-year bond yield and currency data from Bloomberg paint a quiet day in those markets. The GBP/USD stayed flat between 9:30 am to 4:15 pm with the rate going from 1.2686 to 1.2684. The EUR/USD was flat as well with ever so slight dollar weakening from 1.0847 to 1.0851 this afternoon. The Japanese yen demonstrated … Continue reading A quiet day yesterday in the United States as foreign exchange markets got ready for Asia to open.

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I see baby Boomers seeking yield. Will the U.S. central banking system accommodate them?

In comments made last week by a number of members of the Federal Open Market Committee, traders and investors should hold their horses on a cut in overnight banking rates anytime before June 2024. There appears to be some sentiment among Committee members that reducing the overnight lending rate between banks (federal funds rate) and … Continue reading I see baby Boomers seeking yield. Will the U.S. central banking system accommodate them?

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Will the AUD/USD keep falling through end of the week? Can Biden influence Albanese’s visit to China?

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?

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I have come to see that trading is the skill we need going forward into the 21st century …

The deluge of information makes it harder for we old heads to process info much less younger minds who are, unfortunately, not the greatest of critical thinkers. This need to vet leads to the second piece of insight: seek out platforms that can help you get to clarity. Continue reading I have come to see that trading is the skill we need going forward into the 21st century …

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PRESS RELEASE

The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Second Quarter August 10, 2023 NEW YORK—The Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets during the April – June 2023 quarter, the Federal Reserve Bank of New York said today in its quarterly report to the … Continue reading PRESS RELEASE

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What are the foreign exchange, Treasurys, and interest rates reported by the Federal Reserve as of 8 August 2023, 11:30 pm EST

Foreign exchange EUR/USD=1.1036 GBP/USD=1.2775 AUD/USD=0.6605 NZD/USD=0.6127 USD/CHF=0.8713 USD/JPY=141.7900 Treasurys 30-year=4.27% 10-year=4.09% (Ready to raise your trading game? http://toptiertrader.com/?ref=1449 ) Federal Reserve Monetary Policy Rates Discount Window Rate=5.50% Effective Federal Funds Rate=5.33% Interest on Reserve Balances=5.40% Overnight Reverse Repo Purchase Rates=5.30% Sources: Board of Governors-Federal Reserve System and the Federal Reserve Bank of New York. (Do … Continue reading What are the foreign exchange, Treasurys, and interest rates reported by the Federal Reserve as of 8 August 2023, 11:30 pm EST

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How is government managing the currency today, 3 July 2023

Foreign exchange Currency pair x-rates.com OANDA USD/EUR 0.9171 0.9168 USD/GBP 0.7890 0.7877 USD/AUD 1.5035 1.5029 USD/NZD 1.6289 1.6303 USD/CHF 0.8994 0.8957 USD/JPY 144.9275 144.9275 * Rates as of 8:45 am, 3 July 2023 I am taking a different approach to following the foreign exchange markets with an emphasis on how well the Executive (Government) is … Continue reading How is government managing the currency today, 3 July 2023

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What is the foreign exchange market and why is it important?

Foreign exchange rates as of 9:20 am EST, 1 July 2023 Currency pair Federal Reserve (1) x-rates.com OANDA EUR/USD 1.0887 1.0904 1.0884 GBP/USD 1.2701 1.2689 1.2662 AUD/USD 0.6687 0.6660 0.6639 NZD/USD 0.6149 0.6138 0.6105 CHF/USD 1.1137 1.1166 1.1140 JPY/USD 0.0070 0.0069 0.0069 What is the foreign exchange market? Financial media website Investopedia defines the foreign … Continue reading What is the foreign exchange market and why is it important?