Tag: EUR/USD

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I heard you should trade like a central bank. Let’s see what the Federal Reserve trading desks are waking up to on 5 September 2023.

The old adage is that 99% of retail traders fail. I believe that we are failing because we are not good at obtaining and trading the most valuable commodity: information and knowledge. That failure is compounded when we push up against the hourglass of time. Continue reading I heard you should trade like a central bank. Let’s see what the Federal Reserve trading desks are waking up to on 5 September 2023.

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Rates seen by the Federal Reserve System on 17 August 2023, 11:50 pm EST.

Foreign exchange. EUR/USD=1.0957 GBP/USD=1.2694 AUD/USD=0.6493 NZD/USD=0.5983 USD/CHF=0.8765 USD/JPY=144.9400 USD/CAD=1.3437 Treasuries. 30-year=4.38% 10-year=4.28% Reference rates. Discount window=5.50% Interest on reserve balances=5.40% Effective federal funds rate=5.33% Overnight reverse repo rate=5.30% Sources: Board of Governors-Federal Reserve System. Federal Reserve Bank of New York. Disclaimer: The data and output from this blog post does not constitute investment or legal advice … Continue reading Rates seen by the Federal Reserve System on 17 August 2023, 11:50 pm EST.

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Federal Reserve sees 30-year and 10-year rates continue to inch up. 15 August 2023, 9:51 pm EST

Foreign exchange. EUR/USD=1.0957 GBP/USD=1.2694 AUD/USD=0.6493 NZD/USD=0.5983 USD/CHF=0.8765 USD/JPY=144.9400 USD/CAD=1.3437 Treasuries. 30-year=4.29% 10-year=4.19% Reference rates. Discount window=5.50% Interest on reserve balances=5.40% Effective federal funds rate=5.33% Overnight reverse repo rate=5.30% Sources: Board of Governors-Federal Reserve System. Federal Reserve Bank of New York. Disclaimer: The data and output from this blog post does not constitute investment or legal advice … Continue reading Federal Reserve sees 30-year and 10-year rates continue to inch up. 15 August 2023, 9:51 pm EST

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What foreign exchange, Treasuries, and reference rates is the Federal Reserve looking at on 15 August 2023, 12:16 am EST

Foreign exchange. EUR/USD=1.0957 GBP/USD=1.2694 AUD/USD=0.6493 NZD/USD=0.5983 USD/CHF=0.8765 USD/JPY=144.9400 Treasuries. 30-year=4.27% 10-year=4.16% Reference rates. Discount window=5.50% Interest on reserve balances=5.40% Effective federal funds rate=5.33% Overnight reverse repo rate=5.30% Sources: Board of Governors-Federal Reserve System. Federal Reserve Bank of New York. (Ready for another challenging trade? https://traderswithedge.com/?r=348 ) Disclaimer: The data and output from this blog post does … Continue reading What foreign exchange, Treasuries, and reference rates is the Federal Reserve looking at on 15 August 2023, 12:16 am EST

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What are the foreign exchange, Treasuries, and overnight reference rates as reported by the Federal Reserve on 13 August 2023, 4:39 PM

Foreign exchange rates. EUR/USD=1.1036 GBP/USD=1.2775 AUD/USD=0.6605 NZD/USD=0.6127 USD/CHF=0.8713 USD/JPY=141.7900 Treasuries. 30-year=4.24% 10-year=4.09% Overnight reference rates. Discount window rate=5.50% Interest on reserve balances=5.40% Effective federal funds rate=5.33% Overnight reverse repo rates=5.30% Disclaimer: The data and output from this blog post does not constitute investment or legal advice and is not a personal recommendation from Alton Drew.  Nothing … Continue reading What are the foreign exchange, Treasuries, and overnight reference rates as reported by the Federal Reserve on 13 August 2023, 4:39 PM

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Interbank market news scan: Last week’s expectation of no Fed rate hike accompanied a lack of volatility in the foreign exchange market.

Last week, the Federal Open Market Committee of the Federal Reserve System decided to keep the target range for the federal funds rate between 5.00% and 5.25%. As the foreign exchange markets got closer to the 14 June 2023 decision, spreads in trade of EUR/USD, GBP/USD, USD/JPY, and AUD/USD got closer between 12 and 13 … Continue reading Interbank market news scan: Last week’s expectation of no Fed rate hike accompanied a lack of volatility in the foreign exchange market.

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Interbank Market News Scan: Between debt ceiling banter and the unemployment rate, where will the EUR/USD land tomorrow?

If there is an increase in average wages accompanied by a year-over-year inflation rate of 4.4%, as reported by the U.S. Bureau of Economic Analysis’ personal consumption expenditure index, I don’t see why the markets would expect a pause by the Board of Governors in raising the discount window and interest on reserve balances rates and changing its federal funds overnight target range. Continue reading Interbank Market News Scan: Between debt ceiling banter and the unemployment rate, where will the EUR/USD land tomorrow?

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Consigliere: I am already seeing the impact of the debt ceiling deal…

The Speaker of the U.S. House, Kevin McCarthy, and the President of the United States, Joseph R. Biden, came to a tentative deal yesterday (Saturday, 27 May 2023) on the debt ceiling for the United States government. While a bill is still to be hammered out, MSN and Reuters report that the deal would put … Continue reading Consigliere: I am already seeing the impact of the debt ceiling deal…