I don’t expect the EUR/USD to exceed 1.1168 by 3:00 pm Friday, 4 October 2024. My initial assessment is based on the German bund 10-year yield of 2.135% and a U.S. 10-year bond yield of 3.756%, per MarketWatch. Per X-rates.com, the current EUR/USD is 1.1166 as of 9:59 pm EST.
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Euro area bank interest rate statistics are due for release by the European Central Bank on 2 October 2024 at 10:00 am CET (4:00 am EST).
NADEX, as of 10:16 pm EST, has determined there is a .5075 probability the EUR/USD exceeds 1.1175.
Alton Drew
29 September 2024
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