By Rob Howard — Feb 07 - 03:35 AM
Cable elicits support by 1.1985 after falling further from 1.2265
1.1985 is 76.4% Fibo of 1.1842 (Jan 6 low) to 1.2447 (Jan 23 high)
1.2265 was Friday's high, before big NFP/ISM data beats nL1N34M0IV
Data spurred hawkish shift in Fed expectations, to benefit of dollar
5.00-5.25% Fed policy rate is currently fully priced for June FEDWATCH
Fed chair Powell to speak at the Economic Club of Washington at 1740 GMT
Source:
Refinitiv IFR Research/Market Commentary