GE2! is euro dollar (dollars outsside usa) and is commonly known as libor. its important because thats the common rate for non bank entities who enter into contractual lending. they are not supported by the federal reserve directly. Libor is unsecured funding. zq2! is fed funds which the banks lend to each other and the fed sets this rate. also unsecured...
Interesting to see this move in advance of Fed and other central bank cuts.
LIBOR OIS SPREAD ED SEP 2020 - FF OCT 2020
I have no idea what I am doing but im gonna post this for clout anyway. Lets get it.
LIBOR-OIS Spread between March19 - December19 ((FFN2019-QEDM2019)-(FFF2020-QEDZ2019))*100
LIBOR, the rate banks charge to borrow from each other, is a key measure of short-term borrowing costs that often serves as a gauge of financial distress. It's estimated that 50 trillion of assets are pegged to the LIBOR rate and lately it's been rising fast. Certainly a rise in LIBOR can be attributed to increases in the Fed Funds rate. But is that all, or...
We have reentered longs on this dip back to the FOMC/Rate hike key level support. I'm buying a position gradually for a couple more days, so far, I have fills at 9.1643 and 9.2085, which will constitute my reentry to ride the long term uptrend here. My trading plan lets me increase position size and reduce stops gradually, until the trend takes me out if it starts...
We can enter longs safely here in USDSEK, this is potentially the final chance to catch this massive uptrend. For the long term position, a wide stop is important but we can take a swing trade risking a stop at a new daily low under today's loww as well, additionally, but you will have to trail stops more aggressively with this 2ndary position. Risk a total of...
Long EURCHF: 1. Having watched the 1.08 level closely post-brexit it certainly looks as if there is some FX intervention going on at the 1.08 handle - suspicions enforced even more as SNB President Jordan says FX intervention is on the cards should CHF move even higher/ Rate cut possible another 50bps. 2. Plus EUR vs CHF september rate expectations are skewed...