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Forex: EUR/USD around 1.2950, eyes on Payrolls

FXstreet.com (Barcelona) - The bloc currency is extending its march north on Thursday, hovering over 1.2950 after a wave of buying interest lifted the cross from fresh 2013 lows around 1.2740.

Moving on to Friday docket, Italy will release its Public Deficit/GDP ratio for the fourth quarter ahead of the EMU Q1 GDP and Retail Sales. German Factory Orders will close the euro calendar. Big day for the US economy, as the NFP will be in the limelight alongside the jobless rate for the month of March. US Trade Balance figures are also due, preceding the Consumer Credit Change.

EUR/USD is now advancing 0.75% at 1.2945 with the next hurdle at 1.3050 (high Mar.25) followed by 1.3134 (high Mar.8).
On the flip side, a breakdown of 1.2730 (low Nov.19) would expose 1.2680 (61.85 of 1.2042-13711) and then 1.2662 (low Nov.13)

Equities in the US markets are trading back to the positive territory on Thursday, recovering ground after the poor weekly report on the labour market has undermined sentiment ahead of tomorrow’s Pay

The US Dollar Index, which gauges the greenback against its major competitors, is trading back to the red territory on Thursday, falling from weekly highs above 83.60 to the current lows around 82.75/80 as risk aversion...
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Forex: EUR/JPY extends advance to 3-week highs at 124.55

The impressive Euro rally against the yen has continued after a brief period of consolidation between 123.90 and 123.45 with the pair extending to 124.55, highest since March 15, the bullish movement started at 119.20 following the BoJ policy decision.
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