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Forex: EUR/USD ease further below 1.3100

The single currency is extending the intraday correction lower below the key resistance of 1.3100 on Friday, after Draghi’s comments fuelled the euro to fresh weekly highs in the boundaries of 1.3120

Ahead in the day, the French budget is next on tap, followed by Spanish industrial output and the industrial production figures in Germany.

At the moment, the cross is losing 0.15% at 1.3087 with the next support at 1.3058 (MA200h) followed by 1.2970 (low Mar.7) and then 1.2966 (2013 low Mar.1).
On the upside, a breakout of 1.3130 (MA100d) would aim for 1.3140 (Tenkan Sen line) and then 1.3163 (high Feb.28).

Forex: GBP/USD unable to hold above 1.5000

Cable is last at 1.4995, off fresh session lows at 1.4984, about flat from previous Asia-Pacific open yesterday. The pair retraces from a daily high at 1.5083 printed on late London session trade, following BoE keeping monetary policy on hold. GBP/USD is down -0.25% for the week so far, mounting for more than a -7% loss since year started.
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Asian markets higher, China falls on disappointing imports

An improved tone in Europe/US, with broad-based equity market rally as well as the sell-off in bond markets, allowed Asian equity markets to rise today. Japan's Nikkei Stock Average rose +2.64%, as GDP growth rose +0.2% in Q4 instead of the expected -0.4% recession. Hong Kong's Hang Seng (+1.59%) and South Korea's Kospi (+0.08%) also moved higher.
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