FXstreet.com

Technical analysis: Euribor Futures

0

0

Euribor – December 2009

Thu, Jun 25 2009, 08:41 GMT
by Nicole Elliott

Mizuho Corporate Bank


Comment: Bunds, Bobls, and now Shatz are outperforming their US counterparts as the ECB kindly donates €442B to 1,121 banks for a year. Not surprisingly Euribor futures rallied to new record highs, becoming very overbought in the process, while interest rates for less than one month dropped the most as overly long banks decide what to do with their new money. We remind that the mix of record low rates/high futures prices and a shaky banking system mean that volatility in these contracts should remain higher than in other money markets.

Strategy: Possibly attempt tiny longs on a sudden drop to 98.770, adding to 98.690; stop well below 98.500. Upside target 98.950/99.000.


Archive

Mizuho Corporate Bank  | 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk

Legal disclaimer and risk disclosure

The information contained in this page is based on or derived from information generally available to the public from sources believed to be reliable. No representation or warranty is made or implied that it is accurate or complete. Any opinions expressed in this paper are subject to change without notice. This page has been prepared solely for information purposes and if so decided, for private circulation and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading strategy.

Related reports

Technical analysis: Euribor Futures - Euribor – March 2010 by Mizuho Corporate Bank
Thu, Nov 5 2009, 08:25 GMT

Technical analysis: Euribor Futures - Euribor – December 2009 by Mizuho Corporate Bank
Thu, Oct 8 2009, 08:59 GMT

Technical analysis: Euribor Futures - Euribor – December 2009 by Mizuho Corporate Bank
Thu, Oct 1 2009, 08:21 GMT

Technical analysis: Euribor Futures - Euribor – December 2009 by Mizuho Corporate Bank
Thu, Aug 13 2009, 08:37 GMT

Fundamental News Summary - European Session Summary by ecPulse.com
Mon, Aug 10 2009, 09:57 GMT

euribor

View All

Related content

Key Euribor rates continue downward trajectory
Thomson Financial News | Wed, Feb 11 2009, 10:40 GMT

Key Euribor rate falls below ECB's 2 pct level
Thomson Financial News | Tue, Feb 10 2009, 10:41 GMT

Key 3-month Euribor sinks to near five-year low
Thomson Financial News | Thu, Feb 5 2009, 10:33 GMT

Key 3-month Euribor rate falls closer to 2 pct
Thomson Financial News | Tue, Feb 3 2009, 10:36 GMT

Key 3-month Euribor rate dips closer towards 2 pct
Thomson Financial News | Mon, Feb 2 2009, 10:37 GMT

euribor

View All

Interested in forex trading? forex brokerage firms!


Forex Capital Markets, LLC (FXCM)
Contact the broker/FDM
Open a demo account
MG Financial Group
Contact the broker/FDM
Open a demo account
Capital Market Services, L.L.C.
Contact the broker/FDM
Open a demo account
Alpari (US), LLC
Contact the broker/FDM
Open a demo account
Saxo Bank A/S
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.