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Forex: GBP/USD around 1.5530/35 ahead of UK data

FXstreet.com (Barcelona) - The sterling is flat-lining around 1.5530/35 on Friday, ahead of the final Services PMI print during April. Consensus is calling for a reading of 52.4, matching the previous print.

Ahead in the day, the cross would be under pressure via de greenback, as April’s US Payrolls are due, expected to improve to 145K vs. March’s 88K.

As of writing, the cross is down 0.02% at 1.5531 with the next support at 1.5476 (low Apr.29) followed by 1.5418 (low Apr.26) and then 1.5408 (MA10d).
On the flip side, a break above of 1.5607 (high May 1) would expose 1.5690 (high Feb.13) and then 1.5810 (high Feb.11).

Asian markets up on ECB rate cut, many indexes reverse gains before close

Mainland China’s Shanghai Composite (+1.44%), South Korea’s Kospi (+0.43%) and Hong Kong’s Hang Seng (+0.22%) rose on Friday on the back of yesterday’s ECB rate cut by 25bp to 0.50%. Such sentiment was felt broadly earlier in the session, but in time, many Asian indexes shifted to the downside, such as India’s Bombay Sensitive (-0.32%), Singapore’s Straits Times (-0.66%) and Indonesia’s Jakarta Composite (-0.81%).
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Forex: USD/JPY sideways at 98.00

The USD/JPY has been trading sideways around the 98.00 handle, and now an upside attempt above such level was quickly stalled at 98.11, but intentions remain.
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