Quiet Asian session for Cable, last at 1.5660, unchanged from its NY close, and trapped inside a thin trading range 1.5650/65 following the bounce in mid NY session at fresh 5-month lows 1.5630. The pair reached a fresh weekly high yesterday at 1.5804 with better than expected UK PMI services data at 51.5, best in 4 months, but it then started to see strong sells, breaking into the new mentioned lows. Continue Reading ...
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