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Forex: GBP/USD in session highs around 1.5485/90

The sterling keeps the bearish tone on Tuesday, unable to gather any traction that push the cross above the key resistance at 1.5500 so far, as the sedative effects of last week’s quarterly inflation report plus King’s speech and MPC Weale’s comments over the week end are still weighting on GBP.

Empty calendar in the UK today would prompt the GBP to follow its European peer, waiting for tomorrow’s BoE minutes.

At the moment, GBP/USD is up 0.11% at 1.5483 facing the next resistance at 1.5544 (high Feb.14) ahead of 1.5550 (high Feb.15) en route to 1.5614 (MA10d).
On the flip side, a breach of 1.5414 (low Jul.13) would aim for 1.5393 (low Jul.12) and finally 1.5375 (low Jun.6).

Forex: EUR/USD around 1.3355/60, ZEW eyed

The bloc currency is trading almost unchanged from Monday’s close, hovering over the mid 1.3300s ahead of the German/EMU ZEW Survey. Prior estimates expect the series to improve in both its components, Economic...
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Asian markets ease on Tuesday, Nikkei slips on FinMin

Japan's Finance Minister Aso and Prime Minister Abe don't share the same view on how to approach monetary policy and that was noticed after Aso rejecting foreign bond purchases as part of monetary expansion drive. Nikkei Stock Average fell -0.31%. Many other Asian equity indexes registered the same path: China's Shanghai Composite dropped -1.60% and Hong Kong's Hang Seng lost -0.73%. However, South Korea's Kospi closed higher by +0.20%.
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