Free Trial

Moves through its 50-wma at $1.3153 with......>

CABLE
MNI (London)
CABLE: Moves through its 50-wma at $1.3153 with momentum able to take it on to
$1.3162(above its Jan31 high of $1.3160) before momentum fades. Rate currently
trades back around $1.3145 after what looks to have been a brief stop run.
However, with corrective pullbacks remaining very shallow seen keeping focus set
toward the upside, Brexit developments willing. Next resistance seen at
$1.3175/80, stronger into $1.3200. 
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.