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Forex: GBP/USD dropping through 1.5300 again

FXstreet.com (London) - The Sterling has yet again fallen through the 1.5300 level as traders eye lower lows. At the time of writing, the pair has printed a low of 1.5275 and lost 0.15% on the day. Focus will be on the BoE Quarterly Inflation report and employment numbers. Let’s wait to see if the BoE gives out a more optimistic tone, with less support for more stimulus. Support to the down side in GBP would be 1.5270 here, 1.5245 to target 1.5220 and then 1.5198, 1.5035 (4th April low) and 1.5028 (20th March low).

Forex: AUD/USD dropped to lows around 0.9920/25

The Aussie dollar is accelerating its downside on Tuesday, falling to the area of 0.9920/25, levels last seen in June 2012, after the Australian Federal Budget now projects a A$19.4 billion deficit in 2012-2013, higher...
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European equity markets falter Tuesday amidst weak German ZEW

The European stock markets have continued their retreat lower Tuesday on the heels of lackluster data out Germany and a general permeation of risk aversion hitting the markets. In Germany, the ZEW Survey – Economic Sentiment (May) came in at 36.4, against expectations of 38.3. In addition, the ZEW Survey – Current Situation reported 8.9 in May, vs. a projected 10.0.
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