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Technical analysis: EuroDollar Futures
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Eurodollar Future – Dec 2008
Fri, Sep 5 2008, 07:45 GMT
by Nicole Elliott
Comment: Five-year TNotes are leading the way to lower yields as two-year ones test the pivotal 2.20% area. As the ‘carry trade’, in all its many guises, unwinds again a ‘flight to quality’ is inevitable. We also feel the US yield curve should flatten. This Dec08 Eurodollar future has zero momentum as its snakes across the page in a highly unstable ‘wedge’ formation and calendar spreads should invert further. Trade the tiny range with a bias towards selling for a possible slip later this month.
Strategy: Attempt small shorts at 97.080; stop above 97.115. Add to shorts on a daily close below 94.900 for 96.760 and probably 96.665.
Published on Fri, Sep 5 2008, 07:52 GMT
Archive
- 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 - Eurodollar Future – Dec 2008
Published On Fri, Oct 10 2008, 08:35 GMT
Mizuho Corporate Bank
| 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk
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