Wed, Oct 21 2009, 08:36 GMT
by Nicole Elliott
Comment: Over the last week open interest in this contract has picked up smartly suggesting many are hedging their bets. ‘Triangle’ consolidation over the last six weeks should lead to a break higher, hopefully sooner rather than later because September’s candles will give the Lagging Span a small lift. The contract is no longer overbought and might get a push from the rising 26-day moving average. While above 99.000 we shall allow for a series of very cautious rallies towards 99.500, noting that three month Libor today is 58 ¼ basis points.
Strategy: Possibly attempt small longs at 99.140; stop below 99.100 to re-buy closer to 99.000. Target 99.220 and then 99.350/99.450.
Published on Wed, Oct 21 2009, 08:41 GMT
Mizuho Corporate Bank
| 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk
Fundamental Currencies Comments - Dollar climbs vs. majors by ecPulse.com
Fri, Nov 20 2009, 15:15 GMT
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Fri, Nov 20 2009, 14:22 GMT
Forex Analysis on Majors - Euro. Price Range Is Getting Narrow by Forex Ltd
Fri, Nov 20 2009, 13:21 GMT
Daily US Opening News by RANsquawk
Fri, Nov 20 2009, 12:01 GMT
Daily Technical Strategist - GBPUSD: TrendlineBreak Highlights The 16514 level by FXTechstrategy
Fri, Nov 20 2009, 11:34 GMT
Forex: GBP/USD fails to hold above 1.6500
FXstreet.com | Fri, Nov 20 2009, 20:35 GMT
Forex: GBP/USD rises back above 1.6500
FXstreet.com | Fri, Nov 20 2009, 16:38 GMT
Forex: GBP/USD holds below 1.6500
FXstreet.com | Fri, Nov 20 2009, 14:24 GMT
Forex: GBP/USD falls Further and reaches 1.6460 as fresh 2-week low
FXstreet.com | Fri, Nov 20 2009, 12:22 GMT
Forex: GBP/USD: Pound dips to levels below 1.6515 support
FXstreet.com | Fri, Nov 20 2009, 11:52 GMT
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program