Search
Technical analysis: EuroDollar Futures
0
0
Eurodollar Future – Dec 2008
Thu, Aug 28 2008, 07:57 GMT
by Nicole Elliott
Comment: Thirty-year TBonds yielding 200 basis points over two-year TNotes sounds way too much; we feel the spread should narrow to 120. We also feel that credit spreads should widen, three-month TED Spread to 200 basis points, and that Eurodollar calendar spreads should invert again. This Dec08 Eurodollar future has zero momentum as its snakes across the page, but only when it realises it is not a TBill will we get the initial drift slightly lower that we still favour. However, a weekly close above 95.200 would force us to change tack and targets 98.000.
Strategy: Attempt small shorts at 97.030; stop above 97.115. Add to shorts on a daily close below 94.900 for 96.760 and probably 96.665.
Published on Thu, Aug 28 2008, 07:59 GMT
Archive
- Eurodollar Future – Dec 2008
Published On Fri, Nov 28 2008, 08:47 GMT - Eurodollar Future – Dec 2008
Published On Fri, Nov 21 2008, 09:38 GMT - Eurodollar Future – Dec 2008
Published On Fri, Nov 14 2008, 10:09 GMT - Eurodollar Future – Dec 2008
Published On Fri, Oct 31 2008, 10:35 GMT - Eurodollar Future – Dec 2008
Published On Fri, Oct 24 2008, 08:33 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.Interested in forex trading? forex brokerage firms!
FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)
[Read Premium full description]
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.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.