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As the USD continues to weaken, what does Trump get out of mediating a Russia-Ukraine peace deal?

As I write, the EUR/USD is at 1.17139. The EUR/USD has been increasing since 4:00 am when it read 1.16823. All eyes are on Anchorage, Alaska as U.S. president Donald Trump is set to meet Russian Federation president Vladimir Putin to discuss a resolution of Russia’s war with Ukraine. Ukrainian president Volodymyr Zelenskyy has not … Continue reading As the USD continues to weaken, what does Trump get out of mediating a Russia-Ukraine peace deal?

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Federal Court Orders New York Man to Pay Over $3.4 Million For Forex Fraud Scheme Following Summary Judgment Ruling

Federal Court Also Sanctioned the Defendant for His Misconduct in Filing Defamatory and False Allegations Against the CFTC and Threatening CFTC Counsel August 12, 2025 WASHINGTON, D.C. — The Commodity Futures Trading Commission announced today the U.S. District Court for the Eastern District of New York entered final judgment against Daniel Winston LaMarco of New York City, imposing … Continue reading Federal Court Orders New York Man to Pay Over $3.4 Million For Forex Fraud Scheme Following Summary Judgment Ruling

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Will Bostic or Goolsbee say something that will move the markets today?

Federal Reserve Bank of Atlanta president and chief executive officer Raphael Bostic and Federal Reserve Bank of Chicago president and chief executive officer Austan Goolsbee will each deliver remarks today on monetary policy and issues pertinent to the districts within which their banks operate. President Goolsbee is a member of this year’s Federal Open Market … Continue reading Will Bostic or Goolsbee say something that will move the markets today?

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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 …