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UK: Annual Nationwide Housing Prices grow 0.8% in March

FXstreet.com (Barcelona) - On an annual basis UK Nationwide Housing Prices increased 0.8% in March, after remaining flat the previous month, Nationwide revealed on Thursday. This result is almost in line with projections of +0.9.

Month-over-month Nationwide Housing Prices remained unchanged in March, following a 0.2% rise in February and against consensus of climbing 0.2%.

Asian markets down ahead of Cypriot banks re-opening and capital controls

Except for Malaysia, Pakistan and the Philippines, the largest bourses in Asia took a hit on Thursday. Mainland China’s Shanghai Composite (-2.85%), Hong Kong’s Hang Seng (-1.05%), Japan’s Nikkei Stock Average (-1.26%) and South Korea’s Kospi (-0.22%) fell ahead of the scheduled the re-opening of Cypriot banks (and the imposition of capital controls) and low chances of a government being formed in Italy today.
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Forex Flash: EUR/USD on course for 1.2679/61

More weakness in the chart followed its recent break below its 200 day ma and the EUR/USD remains on course for 1.2679/61 (61.8% Fibonacci retracement of the July-to-January rise and the November 2012 low). “We would allow this to hold the initial test and allow for some profit taking here. The market remains directly offered intraday below 1.3003/50”, wrote analyst Karen Jones, pointing to longer term target at 1.2400 and then 1.2042, the 2012 low. “Above 1.3050 would initiate a deeper retracement to 1.3100/80 prior to another leg lower”, added the Commerzbank analyst.
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