Thin NY markets exaggerated the sharp.........>

CABLE: Thin NY markets exaggerated the sharp pullback in cable Thursday as the

Usd rebounded in reaction to US Pres. Trump's comments on a strong dollar,

suggesting also that Mnuchin's comments that a weaker Usd supports US exports

were taken out of context. Cable had seen an extended high of $1.4345 Thursday

as rate tracked Eur/Usd's break above $1.2500 following the ECB policy

decision/ECB Draghi press conference. Trump comments hit the market after the

European close and took cable to a pullback low of $1.4084. Rate managed to

recover to $1.4170 before it began to drift lower into the close. Early Asia

marked lows at $1.4113 before fresh Usd sales emerged which took rate back to

$1.4192. Resistance expected between $1.4200/15, a break to open a move toward

$1.4245/50. Support remains at $1.4110/00, $1.4085/80. Usd remains the key

driver of markets with Trump due to speak again Friday, CNBC interview 1100GMT,

main Davos address at 1300GMT. Ahead of this UK Q4 GDP in focus at 0930GMT,

market median 0.4%qq, 1.4%yy. BOE Carney in a panel discussion in Davos at

1400GMT.