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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.
CABLE TECHS
Cable has remained under pressure all week and continues its slide from recent highs.
- The pair is approaching an important chart point at 1.2857, trendline support drawn off the Mar 20 low.
- The trendline intersects just below an important retracement at 1.2867, 50% of the recent Jun 29 - Sep 1 bullish phase.
- A break of this support zone would reinforce current bearish conditions and likely open 1.2722 next, the 61.8% retracement.
- Watch trendline support at 1.1755 in EURUSD, drawn off the May 14 low. A break would highlight the next phase of potential USD strength and this would further reinforce the bearish theme in Cable.
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.
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