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Forex: GBP/USD tests 1.5100 for support

Following the early plunge to 1.5074, the GBP/USD spent the trading day moving above 1.5100 but mostly limited below 1.5150. With the NY session ahead, the pair fell back to test the 1.5100 mark, where it held.

US Chicago Fed national activity index is already out, down from 0.25 (revised from 0.02) to -0.32 in January, and investors will now eye US Dallas Fed manufacturing business index.

“The bias here remains negative, for one more slide towards 1.5000 sentiment area before more significant rebound to 1.5400 resistance zone”, wrote Deltastock.com analyst Stoyan Mihaylov, pointing to intraday resistance at 1.5160, followed by the crucial area at 1.5237.

American equity markets open positively Monday

The US Stock market experienced an upbeat and positive opening Monday, as investors eye the looming March 1 deadline in the US. Beginning with the indices and composites, the NASDAQ rose +0.55% as it settles in region of 3179.64, up +17.27 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1522.49, ascending +6.96 points or +0.46% at the time of writing. Finally, the Dow Jones has moved high at the opening as well, trading in the zone of 14040.27, presently +0.28% after a movement of +39.70 points.
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Forex: USD/JPY steady around 94.00

After rallying to as high as 94.50 right at the start of the week, investors took profits, pulling the USD/JPY back to 93.67 session low. Then, the pair moved back to the 94.00 mark, where it has been quoting steady.
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