Trial now
USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

CABLE
MNI (London)
CABLE: Wednesday saw another early Europe rally in sterling knocked back, in
what looks to be fix related, whether in cable or EUR/GBP. Cable touched a high
Wednesday of $1.3170 before it was sold back to $1.3092 in pre NY trade, with
the US session extending the low to $1.3081 before it recovered to $1.3139 then
dropped to $1.3083 into the 1600GMT fix. Shallow recovery to $1.3117 before rate
settled just below $1.3100 into the close. EUR/GBP posted a fresh 2020 low of
Gbp0.8455 in early Europe though its rebound managed to hold below its key
10-dma which is seen keeping sterling's recent underlying buoyant tone in place.
Cable slowly clawed its way up to a high of $1.3124 into Europe before meeting
headwinds that have pressed it back toward $1.3100. A light UK data calendar for
Thursday. Attention on the US-Iran situation and Brexit for direction. 
- Support remains into $1.3085/80, stronger into $1.3060/50. Resistance $1.3124,
$1.3140, $1.3170. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com