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Cable trying to steady

By   || April 27, 2010 at 07:54 GMT
|| 2 comments || Add comment

Cable is trying to steady after a fairly heavy sell-off.  We’re presently at 1.5385 from session low 1.5375.  Source earlier noted buy orders lined up at 1.5360/80.  Cable hasn’t been helped by generally heightened risk aversion, european stocks following their Asian counterparts lower with oil, gold trading easier etc etc.

Reports a US bank has been a particularly aggressive seller of GBP/JPY this morning.  The cross is presently down at 144.20 from early 145.00.

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2 Responses to “Cable trying to steady”

  1. lilac on April 27th, 2010 08:42 GMT

    Morning Gerry, gorgeous and sunny ;)
    Seems my hourly indicators weren’t wrong last night – still long from Friday, and if the 4 hourly behaves itself over the next couple of hours, I’ll hang in.

  2. Gerry Davies on April 27th, 2010 08:49 GMT

    Morning Lilac. Yes weather’s great isn’t it. Really helps one’s mood. :)

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