The University of Michigan consumer sentiment survey is due out today
The last reading showed a figure of 74.3%, and today’s reading is forecast to come in at 75%. . Gold Range: 1,526.00 – 1,530.40 Support: […]
The last reading showed a figure of 74.3%, and today’s reading is forecast to come in at 75%. . Gold Range: 1,526.00 – 1,530.40 Support: […]
The last reading showed a figure of 74.3%, and today’s reading is forecast to come in at 75%.
.
Cable closed in New York at 1.6145, off late recovery highs at 1.6170. The rate opened in Asia around 1.6155, with trade during the early part of the session stuck in a range between 1.6140 and 1.6170. A reversal in Asian equities prompted a general paring back of risk, along with reported comments from EU’s Juncker weighing heavily on the euro. Cable followed suit and stepped its way down to 1.6105. The rate recovered to 1.6125 into early Europe, edging higher in line with euro-dollar. Resistance remains in place at 1.6180, with a break above to open a move towards 1.6200 ahead of 1.6235. Support at 1.6100 and a break will expose 1.6078.