Free Trial

Cable test intraday high

  • Cable breaks out of the early range, to trade at session high. Some short covering and likely positioning ahead of the BoE.
  • The pair eye the very short term 61.8% retracement, post Fed fall at 1.4000.
  • We did print 1.4001 high yesterday.

Chart source: Bloomberg

To read the full story



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.