Short Sterling – March 2009 |
|
Comment: Short Sterling futures contracts should hold below 95.500 for another month or more. Front contracts will remain under tremendous pressure ensuring calendar spreads trade around their most inverted ever. The interbank market is dysfunctional with three-month Libor at 6.32% today after overnight money dropped to 1.00% yesterday afternoon. Overnight US dollars yesterday were offered at 10.00% yesterday morning and 1.00% late in the day; it is impossible to run a serious business this
Filed under: Technical
Latest Posts
- Forex Fundamental Outlook - Forex Trading, Currency Forecast, FX …
- Time for another rescue package
- Stock markets continue weakening
- ECB to ease aggressively - yields will fall further
- London Gold Market Report
- Euroland: Very weak PMI should spur ECB to cut rates dramatically
- Currency Currents
- Currencies also sidelined although some Yen crosses dipped below October’s low
- Currencies also sidelined although some Yen crosses dipped below October’s low
- Currency Currents
- What will happen in the American session?
- Power up!
- Power up!
- Rating cycle turning decisively negative
- Rating cycle turning decisively negative