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Forex Flash: FX Quant Easter Egg - Nomura

FXstreet.com (Barcelona) - Nomura strategist Saeed Amen has investigated historical price action over Easter to assess whether there is a historical pattern.

He finds that generally EUR/USD falls in the week preceding Good Friday, but then rises into Easter Monday. Elsewhere he sees that stocks rise through the week but tend to come off on Easter Monday. Looking to USD/JPY he sees that there is a slight tendency to rise in the second half of the week, but the seasonality move of the price action appears less strong than for EUR/USD.

Forex: EUR/USD volatile after touching 1.2880

The EUR/USD touched 1.2880 again during the US session, and right after that move, orders triggered a spike down to 1.2829 low that was quickly retraced. Such volatility might have been provoked after reports that the EU Parliament wants to push for large depositors to face bail-ins. The EUR/USD is back at its highs again.
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Forex Flash: There is some sense that Cyprus may be a turning point - BBH

Brown Brothers Harriman analysts note that there is a growing sense that Cyprus may be a turning point.
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