https://fxww.com/cable-im-sincerely-hoping-that-was-the-base/ The Professional Source Thu, 04 Jul 2013 03:33:06 +0000 hourly 1 https://fxww.com/cable-im-sincerely-hoping-that-was-the-base/#comment-24387 Thu, 04 Jul 2013 03:33:06 +0000 http://381c099c8f.nxcli.net/?p=9194#comment-24387 I hope you are right Danny but as you say we need to get the NFP lottery out of the way before the real trading returns. I think the mkt has been looking for a USD trend in a cross-driven mkt and this is a mistake IMHO

]]> https://fxww.com/cable-im-sincerely-hoping-that-was-the-base/#comment-24379 Thu, 04 Jul 2013 01:34:15 +0000 http://381c099c8f.nxcli.net/?p=9194#comment-24379 Hi Sean,
I remembered there was one article that you wrote and it is about trend changing. Looking at cable, there were some mix news on ISM PMI and also initial jobless claims. Both figures were not that well and to top it UK had a good reading for its services PMI. Of course, pound jumped on it and raises from the ashes. Now, given the situation if cable only spike up a little then it is of no contest that we are seeing a continuous downtrend. However, cable held the line and even breached 15300 and is hovering between 15250 and 15300. IMHO we should be seeing a trend change but the NFP tomorrow is clouding the view at the moment. Your thoughts?

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