•  
  • New York 14:41
  • London 18:41
  • Barcelona 19:41
  • Tokyo 03:41
  • Sydney 05:41
  • SignUp | Login

Technical analysis: EuroDollar Futures

This report has been deactivated

Eurodollar Future – June 2009

Fri, Apr 24 2009, 07:51 GMT
by Nicole Elliott

Mizuho Corporate Bank  |  View company's profile


Vote:

4

0

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.


Archive


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.
Vote:

4

0

Related reports

EUR/USD: No time for reversal yet by FXstreet.com Independent Analyst Team
Fri, Mar 19 2010, 15:27 GMT

Stock Traders focusing on Quadruple Witching by ForexHound.com
Fri, Mar 19 2010, 14:36 GMT

GoldCore Update: Sterling Gold Near Record Highs as Election Looms and Economic Outlook Uncertain by GoldCore
Fri, Mar 19 2010, 14:28 GMT

U.S. Dollar strengthens Overnight; Risk Aversion Highlighted by ForexHound.com
Fri, Mar 19 2010, 14:26 GMT

Technical Summary for Majors by Windsor Brokers Ltd
Fri, Mar 19 2010, 14:14 GMT

eurusd

[ View All ]

Related content

Forex: EUR/USD finds support at 1.3500
FXstreet.com | Fri, Mar 19 2010, 16:24 GMT

Forex: CAD suffers Greenback strength
FXstreet.com | Fri, Mar 19 2010, 16:03 GMT

Forex: EUR/USD extends downtrend, approaches 1.3500
FXstreet.com | Fri, Mar 19 2010, 14:38 GMT

Forex: EUR/USD falls further to 1.3535, 2-week low
FXstreet.com | Fri, Mar 19 2010, 12:45 GMT

European Morning Wrap: Busy, interesting, morning session
Forex Live | Fri, Mar 19 2010, 11:51 GMT

eurusd

[ View All ]

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

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.

©2010 "FXstreet.com. The Forex Market" All Rights Reserved.