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Forex: GBP/USD consolidates above 1.5100

The sterling is posting meager gains on Tuesday, leaving behind the previous comfort zone in the mid 1.50s to follow through 1.5100, ahead of the Halifax House Prices and the final result of the services PMI for February.

The Cable found extra support after the BRC Retail Sales Monitor posted an annualized expansion of 2.7%, exceeding expectations at +0.9% and previous print at +1.9%.

At the moment, the cross is gaining 0.02% at 1.5119 with the next resistance at 1.5180 (MA10d) and then 1.5186 (high Mar.1).
On the downside, support levels line up at 1.5000 (psychological level) followed by to 1.4985 (low Mar.1) and finally 1.4949 (low Jul.12 2010).

Forex: EUR/USD around 1.3030 ahead of PMI

The bloc currency is partially retracing overnight gains, heading back to the area of 1.3030 after climbing to the boundaries of 1.3050...
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Asian markets correct part of yesterday's losses

China's property market cooling measures scared investors, provoking a selloff in plenty of Asian equity indexes. Today, the market bought the cheaper indexes: China's Shanghai Composite (+2.33%), South Korea's Kospi (+0.17%), Hong Kong's Hang Seng (+0.46%). Chinese Premier Wen Jiabao announced a 7.5% growth target for 2013 at China’s National People’s Congress that kicked off today. Japan's Nikkei Stock Average continues edging higher (+0.27%) on hopes of news from the BoJ.
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