A Silver Lining in BrazilThe USDBRL recently broke above a descending channel, signaling further BRL weakness; an unusual occurrence given the ongoing shift to easing cycles by major global central banks.
Figure 1: Major Central Banks Begun Rate Cuts; USDBRL Rises Instead
On September 18th, the Federal Reserve (Fed)
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of One-day Interbank Deposit Futures is 14.44 BRL — it has risen 0.43% in the past 24 hours. Watch One-day Interbank Deposit Futures price in more detail on the chart.
The volume of One-day Interbank Deposit Futures is 62.78 K. Track more important stats on the One-day Interbank Deposit Futures chart.
The nearest expiration date for One-day Interbank Deposit Futures is Jan 2, 2032.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell One-day Interbank Deposit Futures before Jan 2, 2032.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For One-day Interbank Deposit Futures this number is 451.42 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for One-day Interbank Deposit Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for One-day Interbank Deposit Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of One-day Interbank Deposit Futures technicals for a more comprehensive analysis.