President Trump has not yet posted on whitehouse.gov his pleasure with today’s jobs situation report. He likely said something on Truth Social, but I am just about up to here with social media so I will wait on Mr. Trump to use the public channels for expressing his glee. The report out of the U.S. … Continue reading Binary options: What I expect Trump to say about the jobs report.
Edward Dowd of Phinance Technologies made an interesting point yesterday on the YouTube show Palisades Gold Radio when he shared the following: “Inside information is transmitted quickly. Markets tell me more than what my leaders tell me.” When people ask me what sources of political information I follow, I tell them that I don’t do … Continue reading Binary options: Media and government pronouncements coming off more like echoes of the markets.
12 USC Sec. 242 says the following about the eligibility, selection, and removal of a member of the Board of Governors of the Federal Reserve. Hold tight. It’s a mouthful: “The members of the Board shall be ineligible during the time they are in office and for two years thereafter to hold any office, position, … Continue reading Legal risks: Trump is getting the weakened dollar he wants. Does he have cause for removing Powell?
Jerome Powell, chairman of the Board of Governors of the Federal Reserve System wrapped up his semi-annual visit to Capitol Hill basically saying all is well with the Fed’s implementation of monetary policy. Chairman Powell assured both the House yesterday and the Senate today that the labor market was at or near maximum employment although … Continue reading Not much moved me about Chairman Powell’s testimony this week …
President Donald Trump is upset at Israel for “unloading” on Iran after declaring a ceasefire. Mr. Trump does not appreciate that after fighting “so long and so hard that they don’t know what the fuck they’re doing” amounts to Iran, Israel, and the US being in a porn movie. Unloading after a ceasefire should have … Continue reading Iran, Israel, and the US version of a porn movie.
A ceasefire is not a peace deal and hostilities between Iran and Israel are merely on simmer. Two countries with so much animosity against each other are not going to kiss and make up after twelve days of bombing, strafing, and killing. The ceasefire between Israel and Iran announced today by U.S. President Donald J. … Continue reading US-Israel-Iran: Did Trump do Netanyahu and Khamenei a solid?
Michelle Bowman, the Board of Governors of the Federal Reserve System’s vice-chair for supervision, will speak at 10:00 AM EDT at the International Journal of Central Banking conference in Prague. As vice-chair of supervision, Vice-Chair Bowman is responsible for the Board’s understanding of banks’ operations, banks’ major risks, how well banks manage these risks and … Continue reading Binary options: Miki Bowman speaks at 10:00 am today in the midst of intensified global risks …
The Federal Open Market Committee decided to maintain its target range for the effective federal funds rate between 4.25% and 4.50%. The FOMC reiterated its intent to stay focused on the incoming data. This data would include information on labor market conditions, inflation pressures and expectations, as well as financial and international developments. What I … Continue reading Nothing surprising about the Fed’s decision. More surprises in FX at 2:00 pm.
Leave it to President Trump to cause a market mover in the EUR/USD yesterday when he shared that he was not in the mood to negotiate with Iran. According to FXStreet, a financial media publication, the President’s sentiments helped drive the EUR/USD below 1.1500 indicating a move to safe-haven assets including, ironically, the US dollar. … Continue reading U.S., Israel, and Iran: Yesterday’s 3pm EUR/USD expiry at 1.14794 took me for a loop.
Lawyers Write the Bets. Bankers Sell the Bets. 