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Forex: EUR/USD eases to 1.3020 after French data

FXstreet.com (Barcelona) - The shared currency extends its correction lower during the European morning on Tuesday, retreating to the area of 1.3020 after the poor results from the French external sector: the trade deficit widened to €6.01 billion vs. €5.0 billion forecasted, with both exports and imports contracting further from January’s prints.

Italian Wage Inflation for the month of March is due next ahead of the Greek inflation figures and industrial production.

At the moment, the cross is advancing 0.12% at 1.3027 facing the next hurdle at 1.3068 (hourly high Apr.9) ahead of 1.3107 (high Mar.15) and then 1.3115 (38.2% of Feb-Apr slide).
On the downside, a breach of 1.2963 (low Apr.8) would expose 1.2949 (high Apr.4) and finally 1.2919 (MA21d).

France: Exports, EUR (Feb): €35.841B and Imports (Feb): €41.852B

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Asian equity markets notch modest gains

Stock indices in Asia managed to secure tepid gains Tuesday, as geopolitical concerns remain in play in the Korean peninsula. Moreover, commodity weakness continues to afflict markets. Beginning with the indices and composites, the Shanghai Index grew +0.64% as it settles in region of 2255.17, up +14.18 points in these moments. In addition, the Hang Seng Index is trading in positive territory, operating at 21917.00, advancing +193.27 points or +0.89% at the time of writing. Finally, the Nikkei 225 is trading near opening levels, operating in the zone of 13192.42, virtually u changed after a movement of +0.24 points.
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