Free Trial

Ease back from earlier Asian high of..........>

CABLE
MNI (London)
CABLE: Ease back from earlier Asian high of $1.3157 seen meeting support around
the $1.3130 level. A break below to open a deeper pullback toward $1.3110/00.
Resistance seen between $1.3157-65 ahead of $1.3180/1.3200. Cable currently
buoyed in early Europe as Eur/Gbp pares post FOMC gains (seen as cable trailed
Eur/Usd's stronger reaction) with rate pressed back to Gbp0.89305 and trading
heavy at posting. Next support seen into Gbp0.8905/00. 
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.