Free Trial

Narrow Range, Political Uncertainty.....>

CABLE TECHS
CABLE TECHS: Narrow Range, Political Uncertainty Weighs
Despite solid UK Employment data, political uncertainty continues to cap topside
gains. Sterling bears look to clear trendline support off the May 31 low & Jun 7
low at 1.2664/54. Below here opens the 61.8% retracement of 1.2559-1.2763 at
1.2637, ahead of the Jun 3 low at 1.2611. Bulls need to overcome the 1.2760/65
level to return the focus towards 1.2800. While any move above 1.2813 would
suggest a bullish reversal is in play.

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.