Cable is under some pressire in very light US dealings. Prices are flirting with 1.4600 with interbank dealers nervously eying order boards and wondering how they’re gonna fill all those stops in the 1.4570/80 region. Hope for the best, lads. Hope for the best.
UPDATE: Turns out someone was jerking around with the screen prices…1.4620 was the low on this most recent cable dip.
EUR/USD is edging lower as well, undermined by the IMF forecast for German GDP. We trade now near 1.3125 after spending much of the morning around 1.3140.
