Technical analysis: EuroDollar Futures
6
2
Eurodollar Future – March 2009
Fri, Jan 9 2009, 09:53 GMT
by Nicole Elliott
Comment: Maybe not this month but soon the US Treasury yield curve should flatten as we face a world à la Japan. This March 2009 futures is inching towards the record high at 99.100 of June 2003 on hope that conditions in the finance industry improve dramatically. Relatively high open interest here, as opposed to other contracts where it is half last year’s peak, suggest many are hedging their bets. If money markets don’t improve, then calendar spreads should narrow and then invert. Three-month Libor today at 1.27% but there is huge variation depending on names.
Strategy: Possibly attempt small longs at 99.050 but be prepared to add to 99.000; stop/reverse below 98.800 for 98.200. Upside target: 99.100/99.150.
Published on Fri, Jan 9 2009, 09:59 GMT
Archive
- Eurodollar Future – September 2009
Published On Fri, Jul 3 2009, 08:32 GMT - Eurodollar Future – September 2009
Published On Fri, Jun 26 2009, 08:22 GMT - Eurodollar Future – September 2009
Published On Fri, Jun 19 2009, 07:59 GMT - Eurodollar Future – September 2009
Published On Fri, Jun 12 2009, 08:14 GMT - Eurodollar Future – September 2009
Published On Fri, Jun 5 2009, 08:30 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
Weekly Market Commentary - Libor and Official Interest rates are at their narrowest by Mizuho Corporate Bank
Fri, Jul 3 2009, 14:33 GMT
European Market Update - Spain June Services PMI: 41.2 v 39.1 prior by TradeTheNews.com
Fri, Jul 3 2009, 12:32 GMT
Asia Market Update - Most Asian equities indices track the US session declines as nonfarm payrolls data disappoints by TradeTheNews.com
Fri, Jul 3 2009, 11:55 GMT
Daily Analysis - The Dollar gains as the markets tumble and investors seek a safe haven by Finotec Group Inc.
Fri, Jul 3 2009, 11:47 GMT
Daily Forex News - Forex - Risky Assets take a hit on U.S. Payrolls by ACM - Advanced Currency Markets
Fri, Jul 3 2009, 10:35 GMT
Related content
European Markets mixed, EUR rises and GBP lower
FXstreet.com | Fri, Jul 3 2009, 14:38 GMT
Forex: EUR/USD rebounds at 1.3980, back above 1.4000
FXstreet.com | Fri, Jul 3 2009, 11:46 GMT
CURRENCIES: Dollar Edges Higher In Thin Trade Ahead Of Holiday
Dow Jones | Fri, Jul 3 2009, 11:46 GMT
CORRECT: DATA SNAP:Euro-Zone Jun Output Decline Slows Further
Dow Jones | Fri, Jul 3 2009, 09:39 GMT
UPDATE: Euro-Zone Output Decline Slows Further In June
Dow Jones | Fri, Jul 3 2009, 09:30 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.