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Forex: EUR/USD eyes 1.3100 on Chinese data

FXstreet.com (Barcelona) - Better risk-on tone after the Chinese trade data is lifting the sentiment around the single currency on Wednesday, pushing the cross to the current region of 1.3090/95 ahead of the German Industrial Production due later. Prior surveys expect the headline to contract 0.1% on a monthly basis and 3.8% over the last twelve months.

As of writing, the cross is up 0.12% at 1.3095 facing the next resistance at 1.3141 (high May 6) ahead of 1.3160 (high May 3) and then 1.3220 (high May 2).
On the flip side, a dip beyond 1.3068 (low May 7) would aim for 1.3053 (low May 6) and finally 1.3033 (low May 3).

Forex: EUR/USD unable to find direction as global equities continue higher

The EUR/USD closed the session up 6 pips at 1.3078. German Factory Orders print came in above expectations at 2.2% vs. -0.5% estimates which initially helped the pair trade as high as 1.3131 earlier in the day. However, some analysts are pointing towards the lack of consistency in the data as a main catalyst for why the Euro showed no follow through. Economic data in the coming European session will be focused on German Industrial Production, due out at 10:00GMT. The US Session will also be quiet with major releases scheduled.
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Forex: GBP/USD flat around 1.5485/90

Increasing risk appetite is now pushing the sterling from session lows against the greenback on Wednesday in the area of 1.5485/90, in another attempt to regain the key 1.5500 figure and recover part of yesterday’s losses....
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