My back of the napkin forward rate calculation of EUR/USD=1.1210 on Friday.
The NADEX is pricing the probability of EUR/USD exceeding 1.1225 at $4.10. The probability of EUR/USD exceeding 1.1175 is priced at $7.20.
At 9:36 am, Reuters priced the EUR/USD at 1.1210, an increase of 35 pips from yesterday’s 4:15 pm read of 1.1175.
The USD/JPY was priced at 145.80 at 9:36 am ticking up from the 146.75 reading reported yesterday at 4:15 pm.
The Federal Reserve Bank of New York reports the following interbank reference rates:
Effective Federal Funds Rate: 4.33%
Overnight Bank Funding Rate: 4.33%
Secured Overnight Funding Rate: 4.29%
Broad General Collateral Rate: 4.28%
Tri-Party General Collateral Rate: 4.28%
Alton Drew
15 May 2025
Disclaimer: The above post is not trading advice. Please consult a professional trading advisor before making a trade. For any analysis of the legal environment impacting foreign exchange, contact me at altondrew@altondrew.com to set an appointment.
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