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Forex: GBP/USD consolidates above 1.5500

FXstreet.com (Barcelona) - The sterling quickly left behind the key resistance at 1.5500 on Monday, escalating to the vicinity of 1.5530 on upbeat news from Italy over the weekend.

A measure of the UK Consumer Confidence by Gfk is due tonight in the only event for the sterling on Monday, ahead of the key BoE gathering due on Thursday.

At the moment, the cross is up 0.18% at 1.5518 with the next resistance at 1.5544 (high Feb.14) and then 1.5550 (high Feb.15).
On the flip side, support levels align at 1.5309 (MA10d) would expose 1.5284 (MA21d) and then 1.5265 (low Apr.25).

Forex: EUR/USD gyrating around 1.3050

Positive news from Italy’s new coalition government over the weekend lifted the cross to the boundaries of 1.3070 overnight, although the upside lost impetus and dragged the cross back to the current mid 1.30s....
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Asian markets weaker on disappointing US GDP Q1, Japan and China out today

Most of the major equity indexes in Asian entered the week in “red” as they closed Monday trading with losses: Hong Kong’s Hang Seng (-0.22%) and South Korea’s Kospi (-0.12%) were down today, while Japan’s Nikkei Stock Average and Mainland China’s Shanghai Composite were closed today. Sentiment is weaker due to Friday’s US Q1 GDP, coming in at 2.5% instead of the 3% expected.
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