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Forex: GBP/USD erases daily gains

FXstreet.com (Córdoba) - The British pound failed to sustain its BoE inspired gains and after facing resistance at the 1.5585, it slipped back to opening levels.

GBP/USD also failed to benefit from better-than-expected US jobless claims and it is currently trading at the 1.5540/50 zone, where it a few pips above its opening price.

From a technical level, Valeria Bednarik, chief analyst at FXstreet.com comments that to the upside, the key resistance level continues to be 1.5605, past week high and 50% retracement of the latest bearish run. "Steady gains above should anticipate a stronger upward continuation, targeting 1.5660/80 area in the short term, and towards 1.5770 over the days to come", says Bednarik.

Forex: EUR/USD keeps lows after US data

The bloc currency remains in session lows around 1.3120/25 against the buck on Thursday, after the weekly report on the US labour market extended the positive momentum in the sector. In fact, Initia...
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Forex Flash: AUD/USD remain capped by tough resistance at 1.0300 – Westpac

The RBA’s rate cut was a little earlier than most expected but no great shock to the market. Strong AUD TWI seems to be increasingly important for policy, not in terms of a currency war but by allowing interest rates to fall further than they would have otherwise. According to Global FX Strategist Sean Callow at Westpac, “This limits the damage to AUD/USD while the jobs surge muddies the waters further.”
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