Technical analysis: EuroDollar Futures
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Eurodollar Future – June 2009
Fri, Apr 24 2009, 07:51 GMT
by Nicole Elliott
Mizuho Corporate Bank | View company's profile
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Comment: Hard to believe but true: over half analysts polled by Bloomberg think the Fed will cut the Fed Funds target to 0.13% this Wednesday. And what exactly might this achieve? When three-month Libor is 1.08% today, offers few and far between, and the spread between the haves and have-nots has widened significantly this week. We continue to feel front month Eurodollar futures contracts should trade broadly sideways over the coming month, with moves above 99.000 unlikely to be sustained.
Strategy: Possibly attempt tiny shorts at 98.940; stop above 90.050. Cover between 98.850 and 98.765.
Published on
Fri, Apr 24 2009, 07:54 GMT
Archive
- Eurodollar Future – December 2010
Published On Fri, Feb 19 2010, 14:22 GMT
- Eurodollar Future – June 2010
Published On Fri, Feb 12 2010, 09:00 GMT
- Eurodollar Future – June 2010
Published On Fri, Feb 5 2010, 10:23 GMT
- Eurodollar Future – June 2010
Published On Fri, Jan 29 2010, 09:07 GMT
- Eurodollar Future – June 2010
Published On Fri, Jan 22 2010, 08:53 GMT
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