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Forex: EUR/USD flat after Italian, EMU data

FXstreet.com (Barcelona) - The single currency remained muted after the Italian industrial sector extended its negative momentum in February, with Industrial Orders contracting 7.9% over the last twelve months and Industrial Sales following suit, down 4.7% YoY. Further data showed that the EMU Current Account surplus widened to €12.1 billion in February from January’s deficit of €5.6 billion (revised).

Still no news from the Italian elections, as politicians continues to struggle to find the successor of G.Napolitano.

As of writing the cross is up 0.09% at 1.3063 with the next resistance at 1.3096 (high Apr.18) ahead of 1.3202 (high Apr.16) and finally 1.3229 (50% of Feb.-Apr. slide).
On the flip side, a breach of 1.3001 (low Apr.17) would expose 1.2967 (MA21d) en route to 1.2963 (low Apr.8).

Forex: USD/CHF sideways trading at 0.9315/17

The USD/CHF has refused to break out of its narrow consolidation Friday, having only moved 32 pips off the 0.9300 level during the trading day thus far. The sideways motion has still led the pair to trade negatively, though in these moments it has at least stabilized above the 0.9300 level, operating at 0.9315/17.
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Forex Flash: Could USD/JPY breach 100.00 level? – Investec

The G20 Finance Ministers meeting continues in Washington today with all eyes on Japan and whether there is set to be any opposition to the recent BoJ policy actions. According to the Investec Research Team, “Currently Japan can be best described as ‘that guy’, the embarrassing individual at what should otherwise be a civilized dinner party, as it clearly has identified itself with a differing mentality as others”.
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