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Equities are rallying to session highs.

CROSS ASSET
  • Cable has fully reversed yesterday's selling, move is a continuation, following the US data miss, and further buying going through in Equities, as Emini breaks session high going into the US Cash Govie open.
  • Next resistance in Cable is at 1.2303 76.4% retracement of the Dec 14 - Jan 6 bear leg.
  • EURUSD printed a 1.0874 High Jan 16, and will be seen as the resistance.
  • Resistance in Bund at 138.45 has so far held.
  • Resistance in Emini (ESH3) is at 4043.00 High Dec 15.

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