We typically try to refrain from positioning around big event risk like Friday’s US non-farm payrolls release. Occasionally, however, opportunities present themselves that warrant taking such risk. Cable could be one of these instances. Following a couple of weeks of very choppy trading the exchange rate has reached a point from both a price and timing perspective that should provoke an important move. The key question now really is in which direction? The second half of this week has been important from a cyclical perspective. There is a Gann relationship with the year-to-date high recorded on January 2nd (90 ... (full story)