What’s Up, What’s Down: Strong Closes for Eurodollars
Comments for Thursday, November 20, 2008
Looking Ahead to Today By Reflecting back at Wednesday’s price action
FINANCIALS:
Higher closes for the bonds, notes and eurodollars once again. The eurodollar had another (3rd in a row) strong close as it heads towards its last high. The eurodollar was hurt by last week’s action meaning but has overcoming the break in a very convincing fashion. The notes and bonds continue to move higher with the notes making a new contract high and close with the bonds not far behind.
Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. If you would like a free booklet explaining the charts mentioned above, email Rick at ralexander@zaner.com.