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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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NFA orders New York, N.Y. retail foreign exchange dealer OANDA Corporation to pay a $600,000 fine

May 29, Chicago—NFA has ordered OANDA Corporation (OANDA), an NFA Member retail foreign exchange (forex) dealer and futures commission merchant headquartered in New York, N.Y., to pay a $600,000 fine. The Decision, issued by NFA’s Business Conduct Committee (BCC), is based on a Complaint issued by the BCC and a settlement offer submitted by OANDA, in which the firm neither … Continue reading NFA orders New York, N.Y. retail foreign exchange dealer OANDA Corporation to pay a $600,000 fine

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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.

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Your current political leadership needs a new school of thought …

One of the problems with current political leadership is that it does not understand that markets and wealth are about turning human activity into yield. To attain this understanding means moving from a mindset that is totally steeped in caretaker mode. The caretaker mode is at the core of concerns on the part of the … Continue reading Your current political leadership needs a new school of thought …

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A big move in the EUR/USD as the US government addresses fiscal concerns …

The data is scary … As of 7:08 am EST, the NADEX offered the following binary options contracts for the EUR/USD expiring this Friday (23 May 2025) at 3 pm: Contract closing above 1.1225. Buy at $9.30 Contract closing above 1.1175. Buy at $9.90 Contract closing above 1.1125. Buy at $9.90 I calculated a forward … Continue reading A big move in the EUR/USD as the US government addresses fiscal concerns …

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The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter

May 15, 2025 NEW YORK—The Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets during the January – March 2025 quarter, the Federal Reserve Bank of New York said today in its quarterly report to the U.S. Congress. The U.S. dollar, as measured by the Federal Reserve Board’s broad trade-weighted dollar index, … Continue reading The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter