Technical analysis: Short Sterling

0

0
Short Sterling – March 2009
Thu, Nov 20 2008, 12:38 GMT
by Nicole Elliott
Mizuho Corporate Bank
Comment: The pressure over year-end has not dissipated and the spread of very long-dated Gilts over shorter maturities is close to a record; one can only assume their traditional buyers, pension funds, don’t have the money to do so. The Bank of England’s recent conversion to a Japanese-style zero interest rate policy is welcome, but probably too little too late. Politicians still do not understand why banks aren’t lending money or what deflation means to debt. This March 2009 contract is still very overbought and is holding below contract high at 97.700, which it should do again this week. Implied option volatility should remain high as prices veer between hopes for more rate cuts against the reality of expensive Libor.
Strategy: Stand aside if possible and use the Gilt market for any savings. For those who have to: possibly attempt tiny shorts at 97.380/97.500; stop above 97.750. Add to shorts below 97.200 for 97.000 to cover half and the other half ahead of 96.650.
Published on
Thu, Nov 20 2008, 12:39 GMT
Archive
- Short Sterling – March 2010
Published On Wed, Nov 18 2009, 08:56 GMT
- Short Sterling – March 2010
Published On Wed, Nov 11 2009, 09:50 GMT
- Short Sterling – March 2010
Published On Wed, Nov 4 2009, 10:00 GMT
- Short Sterling – March 2010
Published On Wed, Oct 28 2009, 09:16 GMT
- Short Sterling – March 2010
Published On Wed, Oct 21 2009, 08:36 GMT
[ View All ]
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
Today's Trading Signals by Financial Trend Analysis
Tue, Nov 24 2009, 08:37 GMT
Today's Trading Signals by Financial Trend Analysis
Mon, Nov 23 2009, 08:42 GMT
Technical analysis: EuroDollar Futures - Eurodollar Future – March 2010 by Mizuho Corporate Bank
Fri, Nov 20 2009, 09:02 GMT
Today's Trading Signals by Financial Trend Analysis
Fri, Nov 20 2009, 08:45 GMT
Today's Trading Signals by Financial Trend Analysis
Thu, Nov 19 2009, 08:39 GMT
futures
View All
Related content
CME Currencies Volume/Open Interest - Nov 20
Dow Jones | Fri, Nov 20 2009, 14:25 GMT
ICE Futures US Crossrate Currencies Futs Vol/Open Int Jun 22
Dow Jones | Mon, Jun 22 2009, 14:01 GMT
Stock Markets: U.S. stock futures point out to a positive Wall Street opening
FXstreet.com | Tue, Mar 10 2009, 13:33 GMT
US stock futures signal lower open; retail data eyed
Thomson Financial News | Thu, Feb 12 2009, 10:39 GMT
Futures point to higher start on Wall Street
Thomson Financial News | Wed, Feb 11 2009, 10:33 GMT
futures
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.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.