N Rothschild
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tempted by a cheeky cable long if it breaks this pendant, might get a bit of a bounce in the dow which could let cable move up a bit. + rate decision 2morow
I think 1.4550 will provide some support for cable, will look to be long at this level
tempted by a cheeky cable long if it breaks this pendant, might get a bit of a bounce in the dow which could let cable move up a bit. + rate decision 2morow
Rate decision must warn about inflation risk. Meaning that BOE will be in a hurry to increase int. rate. This is bullish for cable. FOMC minutes indicated current low int. rate will be here for a long time. BOE governor is not in the frame of further quantitative easing. Overall I am expecting cable to rally.
Just heard the following from my broker..
"There is talk of large Asian sovereign interest to buy the EUR/USD on dips below 1.3150"