Category: traders

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Binary options: NADEX contracts go dark at 8:30 am EDT. Inflation report looked most messy.

The primary question I ask myself when looking at a binary options contract for foreign exchange is, “Why would anyone buy euros using US dollars?” I had that question answered in part by the report on changes in U.S. consumer prices released half an hour ago by the U.S. Bureau of Labor Statistics. According to … Continue reading Binary options: NADEX contracts go dark at 8:30 am EDT. Inflation report looked most messy.

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Why should you care about what others are betting in the markets?

Are markets valid? Lately I have been questioning the validity of markets, specifically whether markets are the result of organic interactions between humans or whether markets are State-constructed funnels for moving portions of monetary energy from consumers to the government via taxes. I have to be mindful that markets are not some linear, mechanical construct … Continue reading Why should you care about what others are betting in the markets?

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Binary options: What weighed on trader minds last night; first glance at Global South FX rates.

What has been weighing on the minds of binary options traders? Traders who purchased the NADEX binary options contract for the EUR/USD>1.1340 expiring at 11pm last night won their bet. The contract closed at 1.13761. The idea that the European Central Bank will cut its interbank rates tomorrow likely influenced traders’ outlook on the trajectory … Continue reading Binary options: What weighed on trader minds last night; first glance at Global South FX rates.

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Binary options: Eyes on the Global South. Not too surprised about last night’s EUR/USD close.

I am going to start paying more attention to the Global South. I flirted with what is happening in the Caribbean and Africa regarding their currencies and central banks and it is time to do so again. Granted, their currencies are considered by the west to be “exotic” pairs, but you cannot ignore the shifts we are seeing particularly on the Continent. Continue reading Binary options: Eyes on the Global South. Not too surprised about last night’s EUR/USD close.

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The U.S. Court of International Trade found Trump’s mercantilist message ultra vires. US Court of Appeals-Federal Circuit says hold on …

Today’s takeaway … US tariff policy still in limbo. If the dollar strengthened after yesterday’s court decision that the President’s tariffs were the result of a misapplication of trade law, that strengthening was short-lived in light of today’s appellate ruling that keeps the President’s tariffs in play for now. (Ready for your next trader challenge? … Continue reading The U.S. Court of International Trade found Trump’s mercantilist message ultra vires. US Court of Appeals-Federal Circuit says hold on …

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I don’t think Trump wants to withdraw from the globe. Currency outlooks should reflect this.

Calling Trump’s bluff … European and British banks have been and still are collateralizing Africa and Asia for centuries. Since the mid 1940s, the United States has been providing the military and mercenary duties necessary for protecting European and British extraction of resources from these areas of the world. (Ready to step up your trading … Continue reading I don’t think Trump wants to withdraw from the globe. Currency outlooks should reflect this.