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Forex: EUR/USD bounces with support at 1.2880

FXstreet.com (Barcelona) - The EUR/USD found support again at 1.2880 area after the drop as the US session opened. Now, the market is bouncing back and already trades above the 1.2900 psychological level. The economic cal-endar in the US is now empty.

US initial jobless claims rose from 334K (revised from 332K) to 336K in the week ending at March 17, still better than the expected 342K. Beating consensus of -2.0, Philadelphia Fed Manufacturing Survey rose from -12.5 to +2 in March. Analysts were expecting the preliminary release for March of Markit manufacturing PMI to come at 55.0 but actual data didn’t reach that figure, staying at 54.9 after rising from 54.3.

Mataf.net analysts point to resistance at 1.2925, 1.2975 and 1.3080, while support is at 1.2880, 1.2840 and 1.2800.

Forex: NZD/USD kiwi rally capped at 0.8347

The NZD/USD rally stormed ahead during American trading Thursday, only to reach a peak at the 0.8347 region. In recent minutes however, this session high proved to be the pinnacle of gains thus far, as the pair has eased back towards the 0.8329/30 region in these moments.
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Forex: EUR/JPY bounces from 122.50, Eurogroup to meet soon

The EUR/JPY is bouncing after reaching the area of 122.50 after the NY opening. The cross is back above the 123.00 handle and trades at 123.30 at the moment. The Eurogroup will meet at 18:00 GMT to discuss the Cypriot situation.
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