FXstreet.com

Technical analysis: EuroDollar Futures

0

0

Eurodollar Future – September 2009

Fri, Jul 3 2009, 08:32 GMT
by Nicole Elliott

Mizuho Corporate Bank


Comment: Scrambling back up towards contract high (99.420) as two and five-year TNotes catch up with what has been going on in the money market, where US banks are finding it a lot easier and cheaper to borrow dollars than other institutions can. This futures contract is overbought and prone to sudden slippage on the slightest piece of baddish news so extreme caution is warranted. Nevertheless the hope of even lower rates continues.

Strategy: Attempt small longs at 99.395, adding to 99.320; stop well below 99.240. Cover around 99.450/99.500, then watch for signs of instability.


Archive

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

Fundamental Currencies Comments - The yen and dollar strengthened by ecPulse.com
Tue, Nov 24 2009, 16:03 GMT

Forex Technical Report - Stock Markets Flat to Higher Ahead of U.S. GDP Report by ForexHound.com
Tue, Nov 24 2009, 14:51 GMT

Forex Technical Report - Forex Traders Await U.S. GDP Report by ForexHound.com
Tue, Nov 24 2009, 14:50 GMT

Daily Market Report - Indications that the Euro's rally could be running out of some steam by Wells Fargo Investments, LLC
Tue, Nov 24 2009, 14:47 GMT

Interest Rate Monitor - Bonds fail to make headway on latest banking crisis by Interactive Brokers LLC
Tue, Nov 24 2009, 14:36 GMT

eurusd, futures, bonds, techbanks

View All

Related content

CURRENCIES: Dollar Gets Boost From U.S. Economic Data
Dow Jones | Tue, Nov 24 2009, 16:30 GMT

Forex: EUR/USD falls from intra-day high to levels below 1.4950
FXstreet.com | Tue, Nov 24 2009, 15:30 GMT

2nd UPDATE: Asian Shrs End Lower; Shanghai Stocks Tank 3.5%
Dow Jones | Tue, Nov 24 2009, 15:25 GMT

UPDATE: US 3Q GDP Revised Down To +2.8% From +3.5%
Dow Jones | Tue, Nov 24 2009, 15:20 GMT

Richmond Fed: Nov Manufacturing Index 1 Vs Oct 7
Dow Jones | Tue, Nov 24 2009, 15:12 GMT

eurusd, futures, bonds, techbanks

View All

Interested in forex trading? forex brokerage firms!


FOREX.com
Contact the broker/FDM
Open a demo account
MG Financial Group
Contact the broker/FDM
Open a demo account
Capital Market Services, L.L.C.
Contact the broker/FDM
Open a demo account
City Credit Capital (UK) Limited
Contact the broker/FDM
Open a demo account
MF Global FXA Securities Ltd.
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

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.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.