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Forex Flash: The fate of Cyprus in the Eurozone lies in question - OCBC Bank

FXstreet.com (Barcelona) - OCBC Bank analysts believe that fate of Cyprus in the Eurozone lies in question after its unanimous rejection against the unprecedented bank levies needed for its EUR10 bln bailout.

They feel that uncertainties may continue to dominate the market for now, although interestingly, the reaction in the market seems to have been confined solely to the EUR/USD pair as far as majors are concerned. They add that comments by World Bank Economist Basu that the current turmoil in the global economy will last until 2015 would also continue to paint a somewhat gloomy outlook on the global economy, although the focus in the near-term may also shift to the upcoming FOMC statement, especially on its assessment of the US economy given the string of encouraging data in recent time. They continue to advise caution for the time being.

Forex: EUR/GBP retraces yesterday’s losses ahead of BoE minutes

Fever ahead of the BoE March meeting minutes is weakening the British Pound against the EUR, with the EUR/GBP rising up to 0.8575 already, retracing yesterday’s losses.
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Forex Flash: GBP/USD to continue drifting lower towards 1.5000 - Commerzbank

Commerzbank analysts expect the GBP/USD to continue drifting lower again towards the psychological 1.5000 region after having already stayed below Friday’s 1.5176 high and the minor 1.5199/1.5223 resistance area (late February and early March highs) for the past few days.
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