Tag: Traders With Edge

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Interbank market news scan: International Economic Emergency Powers Act: Never act on the rumor of executive action.

As the media reacts to statements by the President-elect regarding tariffs on Canada and Mexico and taking Greenland from Denmark, I have to counsel caution about the weight and gravity of Donald Trump’s pre-inauguration pronouncements. Mr. Trump is not yet the President of the United States and until such time, trading desks should not pull … Continue reading Interbank market news scan: International Economic Emergency Powers Act: Never act on the rumor of executive action.

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Should traders pray for state intervention in foreign exchange markets?

If I am assessing the probability of the exchange rate of a currency pair exceeding a certain price at a certain time, that expectation is going to be based, in part, on what government action may or may not occur. For all the anti-intervention chatter we hear from asset managers all over mainstream and social media, going through the following back-of-the napkin exercise has brought me to a contrarian view. Maybe some of these asset managers would like to see some kind of government action that creates profits for them. Continue reading Should traders pray for state intervention in foreign exchange markets?

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As BRICS expands, what is the Federal Reserve looking at in terms of rates at 8:12 am EST, 24 August 2023.

At issue currently is the division among current members as to how fast the coalition should grow. In addition, there is also the issue of having an infrastructure in place that can support the movement of financial capital in a bloc made up of 40% of the world’s population. Continue reading As BRICS expands, what is the Federal Reserve looking at in terms of rates at 8:12 am EST, 24 August 2023.

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Traders With Edge listed among top proprietary trading platforms for August 2023.

Proprietary trading refers to a financial firm or commercial bank that invests for direct market gain rather than earning commission dollars by trading on behalf of clients. Also known as “prop trading,” this type of trading activity occurs when a financial firm chooses to profit from market activities rather than thin-margin commissions obtained through client trading activity. Proprietary trading may involve the trading of stocks, bonds, commodities, currencies, or other instruments. Continue reading Traders With Edge listed among top proprietary trading platforms for August 2023.