Free Trial

The pound opened in Asia toward the lower.....>

CABLE: The pound opened in Asia toward the lower side of the $1.3303 to $1.3380
range seen yesterday, where modest dollar strength was the theme, supported by
better-than-expected US data and firmer UST yields. Consolidation is expected
ahead of the European open and the release of UK labour market report.
Key-support lies at $1.3295 (50% fib $1.3040-$1.3550), a break to expose $1.3235
(61.8% on the same move), while hourly resistance is found at $1.3370. Cable was
last at $1.3315. 

To read the full story


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.