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CFTC Staff Issues No-Action Letter Regarding Event Contracts

August 07, 2025 WASHINGTON, D.C. — The Commodity Futures Trading Commission’s Division of Market Oversight and the Division of Clearing and Risk today announced they have taken a no-action position regarding swap data reporting and recordkeeping regulations for event contracts in response to a request from the Railbird Exchange, LLC, a designated contract market, and QC … Continue reading CFTC Staff Issues No-Action Letter Regarding Event Contracts

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Today’s foreign exchange action further confirms that Congress long ago abdicated its duty to regulate the value of money.

The EUR/USD closed at 1.16624 at 3:00 pm EDT. It was trading around 1.15746 this morning at about 4:00 am. Because there were no major economic data releases today, traders had more time to lament the downward revision of 258,000 jobs in May and June, the potential pullback in consumer spending as a result of … Continue reading Today’s foreign exchange action further confirms that Congress long ago abdicated its duty to regulate the value of money.

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Time to discount effects of Trump’s call for a Powell removal on EUR/USD

From my trading desk: A little dollar strengthening from 5:00 am to 9:00 am, then … From 5:00 am to 9:00 am, I saw dollar strengthening based on the decreasing price of the EUR/USD as reported on the NADEX. The price went from 1.15424 to 1.15354. The U.S. Bureau of Economic Analysis released its balance … Continue reading Time to discount effects of Trump’s call for a Powell removal on EUR/USD

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As America gets over last week’s payrolls number, Kalshiex sees a legal setback …

From the trading desk … A slow day for me on the NADEX. This morning, I bought the EUR/USD > 1.1540 that expired at 3 pm today and sold the EUR/USD > 1.1640 that also expired at 3pm today. Price at expiration was 1.15645. Markets were still digesting the May and June downward revision of … Continue reading As America gets over last week’s payrolls number, Kalshiex sees a legal setback …

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Does the United States have the labor capacity to handle any benefits from its trade deal with the EU?

From my trade desk … Yesterday, I had a brief conversation with my landlord about how tough it is in today’s labor market. I shared with him that my son had just left for graduate school up north. He shared his congratulations. I then shared with him how my son was one of the lucky … Continue reading Does the United States have the labor capacity to handle any benefits from its trade deal with the EU?

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The EUR/USD continues the bearishness. The NFA yanks membership of introducing broker Traders Edge.

From the trading desk … On the eve of the 1 August deadline for U.S. trading partners to get in line with President Trump’s trade policies, the EUR/USD continues its slide toward 1.1400. Investors are still upbeat about gross domestic product in the second quarter 2025 and the 104,000 job pick up reported yesterday by … Continue reading The EUR/USD continues the bearishness. The NFA yanks membership of introducing broker Traders Edge.

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Trump’s call on Powell to lower benchmark rates has no impact on direction of foreign exchange rates.

Reuters today posted yet another call by U.S. President Donald Trump for Jerome Powell, chairman of the Federal Open Market Committee to lower the target range for the federal funds rate. The target range for the federal funds rate is currently between 4.25% and 4.50%. The federal funds rate is a weighted average of the … Continue reading Trump’s call on Powell to lower benchmark rates has no impact on direction of foreign exchange rates.

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Trump’s poorly played short term currency policy exposes Europe’s long term currency complacency …

From my trading desk … FX Street is reporting today that traders of the EUR/USD should expect continued slides in the euro. I concur in their assessment given what I saw in the charts on the NADEX from 10:00 am yesterday morning to 11:00 pm that evening. The EUR/USD went from a close of 1.16375 … Continue reading Trump’s poorly played short term currency policy exposes Europe’s long term currency complacency …

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As Trump meets with von der Leyen, is he really looking for a weakened USD?

According to a news report in Reuters, European Commission President Ursula von der Leyen is set to meet U.S. President Donald Trump in efforts to hammer out a deal on tariffs and trade. President Trump has threatened a tariff of 30% on items imported into the United States from the European Union and if the … Continue reading As Trump meets with von der Leyen, is he really looking for a weakened USD?