With the U.S. enjoying the Labor Day holiday, this will be the conclusion of today’s commentary. The service will re-commence when Sean gets in to start Asian coverage.
EUR/USD sits at 1.4345, struggling to build on early gains. There’s obvious caution of running into renewed China selling north of 1.4350, which will only grow on any approach of 1.4400.
Technical resistances now 1.4365 and 1.4400/05.
Cable sits at 1.6430. Middle Eastern sales up at 1.6440/45 have served to cap today’s rally so far. Technical resistances now 1.6445 and 1.6470/80.
I’m off tomorrow, so will see you all again Wednesday.
