日本語
Español
中文
Русский
- New York 21:41
- London 02:41
- Barcelona 03:41
- Tokyo 11:41
- Sydney 13:41
Technical analysis: Euribor Futures
0
0
Euribor – December 2009
Thu, Oct 15 2009, 08:13 GMT
by Nicole Elliott
Comment: Almost record volume last week (and record for this contract on the 9th October), just behind that of the week ending the 7th June, suggest traders have not entirely grasped the dynamics behind this market; either that or blame it on those slashing two by one option spreads. Three-month Libor at 69 basis points today, well below the ECB’s target 1.00%, and unlikely to drop much further as year-end pressures start building and excess liquidity is not renewed after mid-November. Prices are clinging to the top of the Ichimoku ‘cloud’ in a potential inverted ‘flag’ formation. Moving averages have crossed to bearish so we shall continue to favour another small dip lower to trendline support and the bottom of the cloud. Were bearish momentum to increase a drop to our measured target at 99.000 is not unreasonable. Then look to buy June and Sep 2010 contracts.
Strategy: Possibly attempt tiny shorts at 99.165; stop above 99.225. Cover ahead of 99.045/99.000 and look for signs of a ‘spike low’ to go long.
Published on Thu, Oct 15 2009, 08:16 GMT
Archive
- Euribor – March 2010
Published On Thu, Nov 19 2009, 09:32 GMT - Euribor – March 2010
Published On Thu, Nov 12 2009, 08:27 GMT - 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
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 Special - Euribor – Short Sterling Sep 2012 spread by Mizuho Corporate Bank
Thu, Nov 19 2009, 13:11 GMT
Technical analysis: Euribor Futures - Euribor – March 2010 by Mizuho Corporate Bank
Thu, Nov 19 2009, 09:32 GMT
Technical analysis: Euribor Futures - Euribor – March 2010 by Mizuho Corporate Bank
Thu, Nov 12 2009, 08:27 GMT
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
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
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
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.