foreign exchange – Page 3 – Lawyers Write the Bets. Bankers Sell the Bets.

February 29, 2024

It appears that the foreign exchange and bond markets were ready for the PCE report.

The U.S. Bureau of Economic Analysis gave the Federal Open Market Committee another reason to sing, “Should I Stay or Should I Go?” this morning as the Bureau presented its read on changes in consumer price levels. The Personal Consumption Price Index, the preferred price level barometer of the Federal Reserve System, increased 2.8% between … Continue reading It appears that the foreign exchange and bond markets were ready for the PCE report.

October 18, 2023October 18, 2023

Interbank market: At 8:29 am EST. Federal Reserve reference rates and fed funds options rate.

30-day Federal Funds Futures: 94.55 Interest on Reserve Balances: 5.40% Discount Window Rate: 5.50% Effective Federal Funds Rate: 5.33% EUR/USD: 1.0571 GBP/USD: 1.2202 We will circle back around later today after taking a look at Federal Reserve sentiment and any other political action that may impact the betting markets. Banks broker the bets. Lawyers write … Continue reading Interbank market: At 8:29 am EST. Federal Reserve reference rates and fed funds options rate.

October 10, 2023

Binary options: How the dollar is expected to fare at week’s end.

Data from NADEX as of 11:55 pm shows the EUR/USD has a probability of .7525 that the currency pair’s price will exceed 1.0525 on 13 October 2023. The current rate reported by x-rates.com is 1.0570. The USD/JPY has a probability of .500 of exceeding 148.75 by week’s end. The current rate is 148.6382. Meanwhile, the … Continue reading Binary options: How the dollar is expected to fare at week’s end.

October 2, 2023

Foreign exchange: The dollar appears to be following the extended higher rates narrative and Washington is helping …

U.S. Representative Matt Gaetz, Republican of Florida, made an off the cuff statement today to reporters about the U.S. dollar when asked about efforts to remove U.S. Speaker of the House Kevin McCarthy, Republican of California, from his leadership position. Mr Gaetz has been taking issue with Speaker McCarthy’s apparent temporary alliance with Democrats after … Continue reading Foreign exchange: The dollar appears to be following the extended higher rates narrative and Washington is helping …

September 8, 2023September 23, 2023

I have come to see that trading is the skill we need going forward into the 21st century …

The deluge of information makes it harder for we old heads to process info much less younger minds who are, unfortunately, not the greatest of critical thinkers. This need to vet leads to the second piece of insight: seek out platforms that can help you get to clarity. Continue reading I have come to see that trading is the skill we need going forward into the 21st century …

August 18, 2023September 4, 2023

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.

August 17, 2023

PRESS RELEASE

The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Second Quarter August 10, 2023 NEW YORK—The Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets during the April – June 2023 quarter, the Federal Reserve Bank of New York said today in its quarterly report to the … Continue reading PRESS RELEASE

August 15, 2023September 4, 2023

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

August 11, 2023