What the binary options market looks like … As of 7:19 pm EST, the NADEX offered the following binary options contracts for the EUR/USD expiring this Friday (23 May 2025) at 3 pm: Contract closing above 1.1225. Buy at $9.50 Contract closing above 1.1175. Buy at $9.90 Contract closing above 1.1125. Buy at $7.70 I … Continue reading The dollar seeing losses into the Memorial Day weekend …
The data is scary … As of 7:08 am EST, the NADEX offered the following binary options contracts for the EUR/USD expiring this Friday (23 May 2025) at 3 pm: Contract closing above 1.1225. Buy at $9.30 Contract closing above 1.1175. Buy at $9.90 Contract closing above 1.1125. Buy at $9.90 I calculated a forward … Continue reading A big move in the EUR/USD as the US government addresses fiscal concerns …
As of 8:05 am EST, the NADEX offered the following binary options contracts for the EUR/USD expiring this Friday (23 May 2025) at 3 pm: Contract closing above 1.1225. Buy at $6.90 Contract closing above 1.1175. Buy at $8.40 Contract closing above 1.1125. Buy at $9.20 Contract closing above 1.1075. Buy at $9.90 Contract closing … Continue reading The dollar weakens in the face of a UK-EU defense and trade reset. A credit downgrade did not help.
The data as of 4:15 pm EST … Investing.com has calculated a forward rate contract price for EUR/USD on 16 May 2025 at 1.1205. That compares with 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 $3.10. This represents a decrease … Continue reading The Interbank Market: Dollar strengthens; the CFTC loses a commissioner.
The data as of 11:32 EST … Investing.com has calculated a forward rate contract price for EUR/USD on 16 May 2025 at 1.1205. That compares with 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 $4.50. At 11:00 am, Reuters priced … Continue reading The Interbank Markets: Will ECB seek other sources of dollar funding?
The takeaway: Be mindful of the information flow … Banks won this morning at 11:00. I calculated a forward delivery EUR/USD exchange rate of 1.1240 and expected a close at that time of above 1.1200, but the China-US decision to reduce tariff rates for 90 days gave the markets a boost. That boost strengthened demand … Continue reading Banks won this morning …
Scammers are on the prowl … As more individuals explore the idea of trading for themselves, the high fail rate for retail traders is compounded by the number of scam artists seeking to take advantage of novice and savvy traders alike. The following is an excerpt from an article published by the Commodity Futures Trading … Continue reading Binary options trading: How to spot the scammer.
What is a pre-arranged trade? Whether you are a retail trader or a professional market maker or broker, a trader has to stay mindful when protecting herself from what appears to be market manipulation and a market maker should avoid engaging in activities that unintentionally causes him to manipulate prices. Among activities that can impact … Continue reading Pre-arranged trade. It’s about keeping risk in the market.
What the data is telling me … At 8:33 am today, I saw further slight strengthening in the US dollar against the euro and the yen. Data from Reuters evidenced declines from yesterday in the yields of ten-year bonds out of the United States, United Kingdom, Australia, Germany, and Japan. These declines told me that … Continue reading Is a recession around the corner?
Lawyers Write the Bets. Bankers Sell the Bets. 