Technical analysis: Short Sterling

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Short Sterling – September 2009
Wed, Jul 1 2009, 08:26 GMT
by Nicole Elliott
Mizuho Corporate Bank
Comment: The UK Treasury yield curve is expected to flatten from current sky-high levels where two’s/thirty’s are over 300 basis points. Futures calendar spreads should start narrowing over the next three months. The Ichimoku ‘cloud’ continues to limit the downside and moving averages confirm that the long term trend is still for higher prices. Whether a rally though 99.000 is possible or sustainable is the real question.
Strategy: Buy at 98.900, adding to 98.800; stop well below 98.750. Add to longs on a daily close above 98.940 to cover between 99.000 and 99.125.
Published on
Wed, Jul 1 2009, 08:30 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
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Mizuho Corporate Bank
| 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk
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