Cable Shorts - ahead of BOE
Morning
So the Fed hiked rates last night but gave away their ongoing concern regarding inflation, which continues to be behind forecasts.
Rate hike was 100% priced so the commentary afterwards gave way to USD weakness.
Given we have two trend lines to use as resistance, this pair still presents a decent short setup.
Good luck
So the Fed hiked rates last night but gave away their ongoing concern regarding inflation, which continues to be behind forecasts.
Rate hike was 100% priced so the commentary afterwards gave way to USD weakness.
Given we have two trend lines to use as resistance, this pair still presents a decent short setup.
Good luck
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