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S&P eyes all-time highs on US housing data

FXstreet.com (Barcelona) - Equities in the US markets are marching north on Tuesday, pushing the S&P500 closer to all-time highs after better-than-expected home prices. The greenback, measured by the US Dollar Index, is advancing modestly above the 83.00 handle propped up by the prevailing risk aversion.
At the moment, DowJones is advancing 0.62% followed by the S&P500 and the Nasdaq, up 0.56% and 0.34%, respectively.

Green was the favourite colour in Europe, after bourses put aside the situation in Cyprus and posted gains after three sessions of closing in the negative territory, buoyed by US home prices and better-than-expected durable goods orders. The CAC40 led the winners gaining 0.55%, seconded by the FTSE100, 0.33% and the DAX, 0.11%. The Spanish benchmark retreated 1.84%, closing below the key support of 8,000 pts. The single currency remains in auto pilot, sidelining in the area of 1.2850/60, as the FX community is now focusing on Thursday, where Cypriot banks will re-open their doors.

In the commodities space, the barrel of WTI advances 0.95% at $95.71 while the ounce troy of the precious metal is down 0.59% at $1,597

Forex Flash: EUR weakness unable to abate – Deutsche Bank

In his recent interview with the Financial Times and Reuters, Mr. Dijsselbloem said he was effectively “pushing back the risks” that sovereigns or EU authorities would be left to shoulder the burden of bank bailouts. He added that the relative market calm in recent months, coupled with the lack of market panic following the decision to force depositors to pay for the bailout of two large Cypriot banks, allowed the Eurozone to go after private money more aggressively when banks failed.
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Forex: GBP/USD trading at support at 1.5143/45

The GBP/USD has been edging downward Tuesday, having made a failed attempt at the upside at 1.5165 earlier today during US trading. In recent minutes, the cross has fallen within sights of session lows (1.5135), trading at 1.5143/45 in these moments. The pair is fortified here by support, and is presently incurring a decline of -0.19% at the time of writing.
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