Technical analysis: Short Sterling
This report has been deactivated
Short Sterling – September 2009
Wed, Apr 29 2009, 08:21 GMT
by Nicole Elliott
Mizuho Corporate Bank | View company's profile
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Comment: With two-year Gilt yields threatening to drop below 1.00% (currently 1.11%), and three-month TBills yielding less than Base Rate (currently 0.46%) hopes that the financial sector is back on track are misplaced. Three-month Libor has inched fractionally lower again, offered at 1.45% today. Short Sterling futures should continue to trade broadly sideways with a very slight upside bias in the front months. Note that open interest has increased over the last month suggesting new hedging.
Strategy: Attempt small longs at 98.600, adding to 98.500; stop well below 98.400. Cover between 98.650 and 98.800.
Published on
Wed, Apr 29 2009, 08:25 GMT
Archive
- Short Sterling – December 2010
Published On Wed, Feb 17 2010, 10:23 GMT
- Short Sterling – December 2010
Published On Wed, Feb 10 2010, 09:20 GMT
- Short Sterling – June 2010
Published On Wed, Feb 3 2010, 09:42 GMT
- Short Sterling – June 2010
Published On Wed, Jan 27 2010, 09:18 GMT
- Short Sterling – June 2010
Published On Wed, Jan 20 2010, 09:15 GMT
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