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Forex Flash: EUR/USD on course for 1.2679/61

FXstreet.com (Barcelona) - 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.

UK: Annual Nationwide Housing Prices grow 0.8% in March

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.
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Forex: GBP/USD spiked to 1.5170

The sterling attempted to follow through 1.5170 after Nationwide Housing Prices came in flat on a monthly basis in March and advanced 0.8% YoY, both prints below the median at 0.2% and 0.9%, respectively...
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