Free Trial

Continued demand lifts rate above its Sep03...>

CABLE
MNI (London)
CABLE: Continued demand lifts rate above its Sep03 high of $1.2385 to $1.2388,
but fails so far to prompt stronger buy interest. Move seen in tandem with
EUR/USD, though this latter rate seen meeting headwind resistance in the area
between $1.1090/1.1110. If cable can build, corrective pullbacks remain very
shallow, it has the area between $1.2400/10 exposed ($1.2399 top of the 1.0%
10-dma envelope). 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

To read the full story

Close

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.