At 10:06 am as President Joe Biden began delivering remarks from Tel Aviv, the EUR/USD was 1.05475 and GBP/USD was 1.21622. Mr Biden reiterated that the United States supported Israel; that the Jewish state would not stand alone. Mr Biden also noted that the United States saw no higher priority than getting back American hostages. … Continue reading Biden supports a two-state solution for Israel and Palestine.
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?
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.
Watching a television commercial featuring an attorney claiming how much money he can win for you in a personal injury suit or seeing a billboard featuring extravagantly dressed attorneys standing in front of a Rolls Royce is enough to give consumers the impression that attorneys are nothing but ambulance chasers. I can see why the … Continue reading The attorney’s role in a political economy goes beyond chasing ambulances ….
U.S. Representative Matt Gaetz, Republican of Florida, made an off the cuff statement today to reporters about the U.S. dollar when asked about efforts to remove U.S. Speaker of the House Kevin McCarthy, Republican of California, from his leadership position. Mr Gaetz has been taking issue with Speaker McCarthy’s apparent temporary alliance with Democrats after … Continue reading Foreign exchange: The dollar appears to be following the extended higher rates narrative and Washington is helping …
Black Americans have been making arguments about reparations for slavery for decades. The argument that the United States owes the descendants of Africans brought to the United States is a powerfully emotional one. Today’s Blacks are either descendants of African indentured servants who saw their contracts for freedom broken by wealthy Anglo-Saxon landowners, merchants, or … Continue reading How do Blacks navigate a currency system they did not create? By showing they know the currency system better than anyone else.
Lawyers Write the Bets. Bankers Sell the Bets. 