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Home ANALYSIS

Cable hits new lows as sentiment deteriorates further

A.R Chowdhury by A.R Chowdhury
September 20, 2021
Reading Time: 1 min read
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Cable hits new lows as sentiment deteriorates further

Cable down a full cent

Cable down a full cent

It’s going from bad to worse with the S&P 500 now down 107 points and breaking the 100-day moving average.

The negativity is weighing on cable as it hits a new low of 1.3641, down a full cent on the day. It’s a marginal new low as the FX market paints a more mixed picture, in part due to US rate differentials coming in on a strong bid in Treasuries.

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A.R Chowdhury

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