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Forex: EUR/GBP calm around 0.8620

The British Pound experienced higher demand between 12h and 13h GMT, pushing the EUR/GBP lower to 0.8605. The cross was already down on the day since London morning's 40-pip drop from 0.8660 after ECB's LTRO repayments report.

The ECB informed that the next LTRO repayment would be about half of what was expected: €61.1 billion instead of €122.5 billion. The EUR/GBP is now trading under a narrow range around 0.8620 (-0.30%).

“EUR/GBP has moved above its resistance at 0.8717 but has failed to close, on a daily basis, above it. Given the general overbought conditions, short-term caution is required”, wrote MIG Bank analyst Bijoy Kar, pointing to hourly support at 0.8572 (13/02/2013 low).

Forex: GBP/USD temporarily shoots back to daily highs

After trading sidelined just above the opening price, the market pushed higher after 12:00 GMT, coming close to Asian session high of 1.5320. With its peak at 1.5316, the GBP/USD eased back below the 1.5300 mark ahead of the NY opening.
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American equity markets open positively Friday

The US Stock market experienced a much more positive opening Friday, after yesterday’s pullback that gripped all indices in negative territory. Beginning with the indices and composites, the NASDAQ rose +0.59% as it settles in region of 3150.90, up +18.40 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1510.55, ascending +8.12 points or +0.54% at the time of writing. Finally, the Dow Jones has moved high at the opening as well, trading in the zone of 13942.72, presently +0.45% after a movement of +62.13 points.
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