Eurodollar futures have traded...>

US EURODLR FUTURES: Eurodollar futures have traded in a fairly tight range in

this holiday shortened week.

- The week started on a quiet note as the strip drifted lower as risk rallied

through Tuesday and on the release of better than expected Chinese GDP and

falling concerns about the outlook for the global economy helped the strip to

its lowest levels of the week on Wednesday ahead of the North American open.

- Through the North American afternoon on Wednesday and into the European open

the strip drifted gradually higher before moving sharply higher on the back of a

disappointing German manufacturing PMI which saw new export orders at its second

lowest level for ten years. Better than expected US retail sales temporarily saw

these gains erased before the strip again drifted higher, partially assisted by

a poor US PMI print.

- Whites (M9-H0) are down 1 tick to 1.5 ticks higher on the week, Reds (M0-H1)

are 1.5 ticks higher, Greens (M1-H2) are 0.5 ticks higher to 1.5 ticks lower

while Blues are 1.5 ticks lower.