December 22nd, 2009 10:06:06 GMT

Cable lower; buy orders, stops noted

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Cable has given up a little ground, presently at 1.6020. Talk of buy interest down at 1.6000/10, possibly protecting 1.6000 barrier option interest. Also some talk of stops on move through 1.5995.

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December 22nd, 2009 09:21:06 GMT

Cable slips back, Q3 GDP awaited

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Cable having been up to 1.6099 earlier, has slipped back to 1.6065 at writing, some caution evident ahead of the 09:30 GMT release of the final Q3 GDP revision. Expected to show improvement to -0.1% q/q, -4.9% y/y from -0.3%, … Continue reading

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December 18th, 2009 08:21:04 GMT

Cable spikes, stops tripped

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Cable has spiked higher, sources reporting stops triggered on move through 1.6200 and then quickly through 1.6220, taking the market up to test technical resistance at 1.6250. Above there next level of interest 1.6290/00. We’re presently at 1.6240.

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December 18th, 2009 07:03:33 GMT

Cable slips in early European trade

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Cable has slipped back slightly in early European trade, presently at 1.6150 from early 1.6175. Economic data due today: 09:00 GMT: UK November car production data from the SMMT 09:30 GMT: PSNCR for November expected 17.3 bln, PSNB expected 23.0 … Continue reading

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December 17th, 2009 10:57:33 GMT

Cable continues lower

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No respite for cable as yet, presently at 1.6085. What was the last thing I wrote. Ah yes, stops seen just below 1.6150. Well, they got tripped. Support next 1.6050/60. CBI distributive trends due out any minute (11:00 GMT)

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