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Cyprus would extend capital control for seven more days

FXstreet.com (San Francisco) - According to Cypriot central bank officials cited by Bloomberg, Cyprus will issue a decree extending capital controls for seven days.

Forex Flash: Gilts remain at support as risk abounds – RBS

Gilts consolidated near the 118.61 Fibonacci level and gap support, as well as approaching the trend-line after forming an outside session on Friday. According to Dymtro Bondar, a Technical Markets Strategist at RBS, “The overall picture suggests risks are skewed to the downside with high likelihood of correction to 118.37 and possibly 118.02 should the first support of 118.61 be broken (the 123.6% Fibonacci projection from the March impulse wave).”
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Forex: AUD/USD trading at resistance near 1.0480

The AUD/USD has bounced off the 1.0475 level during American trading Wednesday to creep higher and extend its gains. The cross now looks to consolidate its gains and is trading at 1.0479/81 at the time of writing, jumping +0.30% above its opening.
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