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Forex trading (foreign exchange), Currency trading, Daily forex major currency technical analysis

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Forex: GBP/USD jumps above 1.5600 and reaches 1.5625, new 6-months high

Fxstreet.com (Barcelona) - GBP/USD is rising with a strong pace in the last hour after the Wall Street opening, Cable has risen around 150 pips from 1.5475 to reach new 6-months at 1.5625. Currently the pair is trading in its highest levels around the 1.5620, 0.80% above today's opening price action.US Market's gains have been widespread on Wednesday's session with companies such as American Express, Caterpillar or McDonalds booking strong gains. Financials, energy and basic materials have driven the S&P

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Forex: USD/CHF rises back above 1.1300

FXstreet.com (Barcelona) - After falling around 110 pips from 1.1360, intra-day high, to test the 1.1250 support level, the USD/CHF has begun to rise after the US opening bell and ISM data released to climb above 1.1300 level. Currently the pair is trading around 1.1315/25 after rising 0.50% so far today from opening price at 1.1260.U.S. services ISM has increased to 43.7 in April from 40.8 in March, a somewhat better reading than the 42.7 expected by market analysts.According to

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Forex: USD/JPY climbs up above 98.00

FXstreet.com (Barcelona) - USD/JPY has risen around 75 pips from 97.59, fresh April low, to 98.33 after the US opening bell. Currently the pair is trading around 98.15/25 after losing 0.35% so far today from opening price at 98.53.Yesterday, pair won 0.79% from opening price at 97.79, reaching 98.91 as maximum and 97.73 as minimum, to close the day at 98.53.Valeria Bednarik, FXstreet.com collaborator, says: Despite the strong upside trend Japanese Yen was developing as safe-haven, optimism and rising stocks

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Asian markets, flat after ?stress test?; Euro, Pound and Yen consolidate

FXstreet.com (Barcelona) ? Asian markets have remained little moved on Friday after U.S. Treasury reported that the 19 largest banks would need $75 billions to be well capitalized, a lower than expected figure. Euro and Pound and Yen have been consolidating during Asian session.Japanese Nikkei index adds 0.2% reversing opening losses, while South Korean Kospi Index trades 0.4% above its opening level, and Australian S&P Index fell 0.7%.Banking shares have been higher today despite rises were narrow in all cases;

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U.S. Markets, up at the Opening; Euro and Pound higher

FXstreet.com (Barcelona) ? Stock markets in the U.S. are going through gains in the at the opening buoyed by a string of better than expected corporate earnings news. Euro and Pound are rallying in early U.S. session.Dow Jones Industrials trades 0.62% above its opening level, while the Nasdaq Index adds 0.69% and S&P Index trades 0.63% above its opening level.Ford, American Express and Microsoft shares have risen after releasing positive earnings results in the 1Q. On the macroeconomic front, U.S.

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U.S. Stock markets dip after House sales data; Yen and Euro slightly stronger

FXstreet.com (Barcelona) ? U.S. stock markets have reversed moderate gains at the opening, after the release of U.S. Existing home sales; The Euro tries to pick up and the Dollar softened against the Yen.Dow Jones Industrials drop 0.54% below their opening level, while the Nasdaq Index loses 0.34% and the S&P Index trades 0.28% below its opening price.The Euro has dropped to 1.3000 from intra-week high at 1.3088, and at the moment of writing trades at 1.3035 resistance level. USD/JPY,

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Forex: USD/JPY is back above 97.30

FXstreet.com (Barcelona) - USD/JPY has risen around 60 pips last two hours from 96.80 to 97.38 and currently the pair is trading around 98.25/35 after falling 0.59% so far today from 97.87 opening price action.Yesterday, the pair fell 0.18% from opening price at 98.04, reaching 98.43 as highest and 97.63 as lowest, to close the day at 97.87. Along the week, USD/JPY has fallen 2.05% from Monday opening price action at 99.32 to the currently 97.30.Valeria Bednarik, FXstreet.com collaborator, says:

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Forex: EUR/USD falls below 1.3050 again after rejecting 1.3150

FXstreet.com (Barcelona) - EUR/USD has fallen more than 100 pips last two hours, after testing 1.3150 resistance level, from 1.3159 to reach 1.3044, fresh intra-day low. Currently the pair is trading around 1.3050/60, a 1.24% decline on the day from 1.2317 opening price.For more information, read our latest forex news.

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Forex: USD/CAD falls after rejecting 1.2180 level

FXstreet.com (Barcelona) - After fighting the 1.2180 level since the Asian session, the USD/CAD has begun to falls quickly last hour from 1.2182 to 1.2126, losing almost all the ground advances today. Currently, the pair is trading around 1.2130/40 after rising 0.05% so far today from opening price at 1.2131.Last week USD/CAD fell 0.50% from 1.2157 Monday opening price, reaching 1.2505 as April maximum and 1.2074 as intra-week minimum, to close Friday at 1.2095.According to Nick Nasad, CMS Forex analyst,

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