Tag: news

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Interbank market news scan: Did Trump say anything scary to Davos participants? Nothing they have not heard before.

Speaking today via satellite before approximately 3,000 attendees at the World Economic Forum, President Donald Trump provided his agenda for where he wants to take the American and world economies. It was basically a rehash of some of his written executive orders over the last three days. Mr. Trump declared that the election provided him … Continue reading Interbank market news scan: Did Trump say anything scary to Davos participants? Nothing they have not heard before.

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If FDI inflows are trending down, shouldn’t price of USD follow?

With all the talk of Brazil, Russia, India, China, and South Africa going their own way by moving away from the USD, the presumptive president-elect seeking a weaker dollar that promotes the export of goods manufactured in the United States, and a downward trend in foreign direct investment inflows to the United States, it would … Continue reading If FDI inflows are trending down, shouldn’t price of USD follow?

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I expect the EUR/USD to fall between 1.0288 and 1.0401. Also, Elon needs to tamp it down.

All is quiet as the U.S. prepares for Christmas along with the rest of the Anglo world. Last week I expected the EUR/USD to close above 1.0275 and it did at 1.0494. The current spot rate at 6:11 pm EST is 1.04412. I see one NADEX contract expiring on Friday at 3:00 pm with a … Continue reading I expect the EUR/USD to fall between 1.0288 and 1.0401. Also, Elon needs to tamp it down.

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DOGE, the Impoundment Control Act, and Trump’s opportunity for a little political warfare.

So, Elon Musk wants to cut the U.S. federal budget by $2 trillion or approximately 29.85%. If we transferred that percentage cut to annualized 2024 3Q federal government consumption expenditures and gross investment of $1893.4 billion, accounting for 6.5% of gross domestic product, government consumption expenditures and gross investment would fall to approximately $1,328.2 billion. … Continue reading DOGE, the Impoundment Control Act, and Trump’s opportunity for a little political warfare.