Cable was beaten up last week a mix of:
- Riots in Northern Ireland
- Vaccine supply issues
- AstraZeneca's usage being advised against usage in under 30's
- US Yields rising
I feel the rebound off 1.36770 late in Fridays session will be tested again overnight before going into the London session. Should cable test 1.36770 again overnight I will be looking to go long with a limit order, however with US CPI yy data being released at 13:30GMT that could cause treasury yields to spike and cable to head lower and break range to the downside.
Thoughts
- Riots in Northern Ireland
- Vaccine supply issues
- AstraZeneca's usage being advised against usage in under 30's
- US Yields rising
I feel the rebound off 1.36770 late in Fridays session will be tested again overnight before going into the London session. Should cable test 1.36770 again overnight I will be looking to go long with a limit order, however with US CPI yy data being released at 13:30GMT that could cause treasury yields to spike and cable to head lower and break range to the downside.
Thoughts