Sell interest circa 1.9000 is once again keeping a lid on cable, after prior good size selling around the figure on Friday. That selling topped cable at a one-month peak of 1.9004, following a rally fuelled by the much worse-than-expected 1.6% advance estimate of annualized US Q3 GDP.
Further offers are touted at 1.9015, with some stops tipped above 1.9020. Bull targets include 1.9075 (Sep 25 high), 1.9092 (Aug 31 top), and 1.9146. 1.8985 (today's Asian session top) is now a support point. 1.8957 (today's Asian session base) is a lower prop. Bids are tipped around 1.8957, with some stops touted sub-1.8950.
Further demand is noted at 1.8925. September's core PCE inflation measure will be disclosed at 13:30GMT, alongside personal income and spending numbers. Annualized core PCE is forecast at 2.4%. Fed hawk Lacker is also slated to speak at 13:30GMT. The Nationwide"s monthly UK housing market survey is due at 07:00GMT tomorrow. October's CBI retail sales survey, and October"s GfK consumer confidence gauge, will also be revealed tomorrow.
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