Free Trial

The retracement off European morning highs....>

CABLE
CABLE: The retracement off European morning highs ($1.2576) extends to $1.2524
and holds heavy. Trendline resistance drawn off the Jun 25 high comes in today
at $1.2555, this level remains key for bulls with a close above suggesting the
potential of further upside gains. GBPUSD last $1.2534.
- EURGBP improves to Gbp0.8995 and is expected to meet strong headwinds ahead of
the key Gbp0.9000/10 zone. 

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.