Yesterday, I calculated today’s forward price for the EUR/USD at 1.1210. Reuters reported at 12:11 pm EST a EUR/USD price of 1.1143. The dollar has been strengthening since 9:33 am when the USD was priced at 1.1192, falling slightly to 1.1182 around 11:02 am.
(Ready for your next trader challenge? Visit https://traderswithedge.com/?r=348)
NADEX at 9:43 am priced the probability of the EUR/USD closing above 1.1125 at $9.90 while pricing a close above 1.1175 at $7.80. At 12:10 pm, the price on a close above 1.1125 was at $7.80 while the price of a close above 1.1175 was at $1.10.
Banks selling EUR/USD back on Wednesday to retailers have another win given that they are able to buy (bid) euro at lower costs and sell it (ask) at retail prices.
I don’t see anything scary on the legal or political front. The come to Jesus moment on tariffs between Washington and Beijing may be wearing off having taken away a little limelight from the Federal Reserve this week.
Alton Drew
16 May 2025
Disclaimer: The above post should not be taken as trade advice. The post is provided for informational purposes only. If you are in need of consultation on legal events in the market, reach out to me at altondrew@altondrew.com.
This post contains affiliate links. Should you decide to visit the affiliate and purchase a program, I may be compensated.
Lawyers Write the Bets. Bankers Sell the Bets. 