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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessCable: Asia open $1.3034, range....>
STERLING SUMMARY: Cable: Asia open $1.3034, range $1.3032-53. Europe open
$1.3050, range $1.3032-52.
* Eur/Gbp: Asia open Gbp0.9051, range Gbp0.90475-0.9058. Europe open Gbp0.9052,
range Gbp0.90515-0.9060.
* Cable eased through Friday's post NFP low of $1.3024 to $1.3014 in early NY
Monday, recovered to $1.3037 into close.
* Slow recovery continued in Asia as rate edged from $1.3032 to $1.3053.
* Eur/Gbp extended its recovery from Friday lows of Gbp0.8998 to Gbp0.9061 in NY
Monday, settled around Gbp0.9050 into close.
* Light data calendar Tuesday with focus remaining on dollar plays following
Friday's strong NFP. Focus on this Friday US CPI.
* Cable was pressed back to $1.3032 in early Europe as Eur/Gbp edged to
Gbp0.9060, just shy of Monday Gbp0.9061 high.
* Cable recovered to $1.3047 as the cross eased off highs, settled around
$1.3040 late Europe morning.
* Cable support $1.3015/00, $1.2990 stops. Resistance $1.3060, $1.3080-00.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.