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Forex: GBP/USD in highs around 1.5270

FXstreet.com (Barcelona) - The pound has recovered the ground lost after the tepid data from the UK retail sales on Thursday, testing fresh session highs in the vicinity of 1.5265/70.

“The MPC retains its dovish bias and May’s meeting, coinciding with the next Inflation Report, appears to be a very close call. On balance, we stick with our forecast for no change in QE… Our GDP forecasts have been trimmed to 0.7% in 2013 (0.9% previously) and 1.4% in 2014 (from 1.5%)”, assessed Ross Walker, Analyst at RBS.

GBP/USD is now up 0.20% at 1.5271 with the next resistance at 1.5370 (high Apr.17) followed by 1.5386 (high Apr.15) and then 1.5409 (high Apr.12).
On the downside, a breach of 1.5217 (low Apr.17) would then target 1.5199 (low Apr.5) and finally 1.5034 (low Apr.4).

Forex Flash: NZD/USD strategy profile – Westpac

The RBNZ’s OCR review (Wednesday - a day earlier than usual due to ANZAC holiday) is the local highlight next week. According to Global FX Strategist at Westpac, “Further improvements in activity, milk prices, business confidence and housing will be balance by further strength in the NZD but the net tone of the one-pager should imply an upgrade to the OCR outlook.” Other releases include migration (Monday), credit card spending (Monday), and the trade balance (Friday).
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Forex: EUR/JPY retraces yesterday's losses, at 128.66

Not only the EUR is at gains today, but the Yen is weakening. Behind the EUR/JPY strength to as high as 128.78, and currently fully retracing yesterday’s losses at 128.66 (+0.60% on the day), are improving yields on the French and Spain debt sales, the Presidential election in Italy, and the G20 meeting that takes off today.
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