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Forex: GBP/USD eases below 1.5100

FXstreet.com (Barcelona) - The sterling is treading water in the proximity of the key level of 1.5100 on Tuesday ahead of the inflation figures in the British economy and the DCLG House prices.
Anyway, it will be a key week for the pound as the BoE Inflation Letter is due today, BoE minutes and unemployment rate tomorrow and public sector and retail sales on Thursday.

At the moment, GBP/USD is losing 0.08% at 1.5093 and a breach of 1.5017 (MA10d) would allow 1.4965 (low Mar.7) and finally 1.4915 (low Mar.14).
On the flip side, resistance levels line up at 1.5177 (high Mar.15) ahead of 1.5200 (high Mar.5) and then 1.5223 (high Feb.28).

Forex: EUR/USD around 1.2950 ahead of ZEW

The bloc currency remains flat-lined in the vicinity of 1.2950 on Tuesday, as market participants eagerly wait for the parliamentary vote on Cyprus’s bailout. Market sentiment, however, seems a tad...
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Asian markets correct Monday risk-off move on Cyprus

Mainland China’s Shanghai Composite (+0.78%), Hong Kong’s Hang Seng (+0.12%), South Korea’s Kospi (+0.53%) and Japan’s Nikkei Stock Average (+2.03%) rose on Tuesday, erasing part of yesterday’s risk-off losses. The bailout to Cyprus is the cause of so much distress, but there have been talks to smooth the measures to deposits under €100k. The Parliament vote will be today. China’s FDI improved from -7.30% to -1.30% in February, while CB Leading Economic index stayed unchanged at 1.3, with January’s data being revised from 1.0 to 1.3.
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