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Forex: AUD/USD in session lows around 1.0230

FXstreet.com (Barcelona) - The Aussie dollar is navigating the lower end of today’s range around 1.0230/35 after the disappointing print from the Chinese PMI. Tepid domestic data also showed that Building Permits contracted 5.5% on a monthly basis, Export Prices rose 2.8% QoQ in the first quarter and Import Prices came in flat during the same period.

“We still expect that the RBA will wait until June to see if the recent weakness in the housing data continues, but a very weak retail sales release on Monday could potentially sway the RBA to cut earlier when they meet on Tuesday”, commented S.Papadopoulos, Strategist at NAB.

At the moment, AUD/USD is down 0.41% at 1.0236 facing the next support at 1.0232 (low Apr.24) and then 1.0221 (low Apr.23).
On the upside, a breakout of 1.0297 (MA10d) would bring 1.0300 (hourly high May 1) and finally 1.0330 (low Apr.30).

Forex: GBP/USD hovering over 1.5550

The sterling is following its European peer on Thursday, orbiting around 1.5545/50 ahead of the Construction PMI due later in the UK economy. Recall that the cross pierced the key resistance at 1.5600...
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Asian markets down despite FOMC, European futures up ahead of ECB

Japan’s Nikkei Stock Average (-0.76%), Mainland China’s Shanghai Composite (-0.48%), Hong Kong’s Hang Seng (-0.28%) and South Korea’s Kospi (-0.34%) edged lower on the first day Asian bourses were fully up and running in May, that despite yesterday’s FOMC meeting in which policymakers left the door open for more asset purchases overnight. The HSBC manufacturing PMI was moved lower, from 51.6 to 50.4 in April, instead of 50.6 as expected.
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