Trial now
EURUSD TECHS

Needle Still Points South

COMMODITIES

Oil Holds Close to Highs, Recovery Secured

OPTIONS

EUROPE SUMMARY: Vol Trades En Vogue Post-ECB

CABLE
CABLE: With the USD trading moderately weaker overnight, the GBP/USD rate is
reversing some of the losses seen post-hawkish FOMC minutes late yesterday. Asia
highs of $1.3530 are holding for now, but a break could expose hourly resistance
at $1.3570 as well as $1.3569, marking the 61.8% retracement level for the
$1.3614-$1.3495 move.
UK services PMI up next at 0930GMT, expected at 54.0 after this week's
disappointing construction and manufacturing readings.