May 18th, 2010 08:27:54 GMT.

Cable recovering in very choppy market

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Presently around 1.4500.  Little earlier heard talk of stops through 1.4525. CPI data for April up in 2 mins expected +0.4% m/m, +3.5% y/y.  If higher than expected could give cable further lift and vice versa.

2010-05-18T08:27:54+0000
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May 17th, 2010 10:15:29 GMT.

Cable sits at…….

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1.4405. If I didn’t know better might be led to think there’s a huge 1.4400 option expiry later in the week.

2010-05-17T10:15:29+0000

May 17th, 2010 09:26:48 GMT.

Cable extends rally

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Cable has extended it’s Osboure/Laws-induced rally, presently at 1.4450.  I thought there might be some stops parked through 1.4475 (as there were decent stops there on way down), but instead hearing sell orders at 1.4475/80.

2010-05-17T09:26:48+0000
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May 17th, 2010 05:12:31 GMT.

Cable suffers torrid session in Asia

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Cable presently down at 1.4345 from North American close Friday up around 1.4520, having been as low as 1.4253. The new UK government has come out accusing Labour of persuing a “scorched earth policy” before the general election, leaving behind billions of … Continue reading

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