The pair closed in NY Tuesday at $1.5559 after rate had managed to recover off an early European low of $1.5501 to $1.5574 before settling around $1.5560 through to the close. Cable buoyancy was aided by euro-sterling as the cross eased off highs of stg0.78445 to stg0.7810 ahead of its close at stg0.7813. Cable marked an opening low of $1.5554 into Asian trade before rate edged up to $1.5576 before momentum faded. Rate then stepped its way down to $1.5558, holding back around $1.5560 into Europe. Euro-sterling edged back to stg0.7817 before it settled back toward the Asian low of stg0.78105. Japan and several European centres closed already for the New Ywear celebrations, with a lot of European trading rooms closing half day. This has made for thin markets through Asia and expected to remain that way into Europe. Last day of the month and model predictions are for mild dollar sales to be seen at the fixes. A light data calendar for Europe but US has the early release of weekly jobless claims (due to Thursday holiday) ahead of the Chicago Report and home sales. Cable offers $1.5575/85, a break to expose $1.5600. Support $1.5554 ahead of $1.5547(38.2% $1.5501-76), $1.5539-30(50%-61.8%), stronger interest $1.5520/00.
