 |
| CABLE as of May 08, 2015 |
A fundamentally driven market for CABLE has again regained
its lead with its' currency peers, as an isolated case since it has been fueled
by the vote of confidence from the exit polls in the UK general elections where
the conservative party would hold its power well against the labour party,
which have lost some seats in the minority.
This led to its party leader Ed
Miliband’s resignation after the labour party’s defeat in the general
elections. Having walked into this trading scenario where Sterling
Pound has reached another registered high @1.5520 clearly signifies the
positive sentiments among voters and investors alike. With that said, the
continuing sentiments would provide some pressure for the USD to move against
its Cable counter-part at the moment. This is in spite of the better jobs data
on the NFP that should have lifted the USD by now; yet it has been in a
struggle to lift the prices to this writing. Watching market behavior by the
market’s price action is relevant towards the next probable direction along
side with the positive effects of the recent job figures influenced the Stock
market back to its nearby highs @18190.85 compared to its previous high
registered @18288.63 levels.
No comments:
Post a Comment