Technical analysis: Euribor Futures

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Euribor – June 2009
Thu, Apr 30 2009, 08:00 GMT
by Nicole Elliott
Mizuho Corporate Bank
Comment: ‘Triangle’ consolidation over the last month while Shatz and long-dated Bund yields drop suggest this contract will break higher eventually as the enormity of Germany’s banking woes sinks in. Three-month Libor is a tad lower again at 1.37% today as short-dates move towards the ECB’s deposit rate. While allowing for random moves between 98.500 and 98.750 for up to three weeks, rallies to new record highs should be pencilled in starting with the front December and March 2010 contracts.
Strategy: Attempt small longs at 98.735, adding to 98.650; stop well below 98.600. Upside target 98.750/98.800.
Published on
Thu, Apr 30 2009, 08:02 GMT
Archive
- Euribor – March 2010
Published On Thu, Nov 5 2009, 08:25 GMT
- Euribor – March 2010
Published On Thu, Oct 29 2009, 08:48 GMT
- Euribor – March 2010
Published On Thu, Oct 22 2009, 08:24 GMT
- Euribor – December 2009
Published On Thu, Oct 15 2009, 08:13 GMT
- Euribor – December 2009
Published On Thu, Oct 8 2009, 08:59 GMT
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Mizuho Corporate Bank
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