Forex: GBP/USD keeps the positive below 1.5200

FXstreet.com (Barcelona) - The sterling is extending its weekly advance on Friday, climbing almost two big figures since Monday lows around 1.5070

A less dovish tone from the BoE minutes and the UK Budget plus strong gains in the retail sales during February have fuelled the upside, although the cross continues to struggle to follow through the key resistance of 1.5200

At the moment, the pair is up 0.07% at 1.5180 facing the next hurdle at 1.5210 (high Mar.21) ahead of 1.5223 (high Feb.28) and then 1.5266 (Upper Bollinger).
On the flip side, a breakdown of 1.5090 (low Mar.21) would expose 1.5079 (MA21d) and then 1.5061 (MA10d).

Mar 22, 2013

Asian markets down on concerns over Cyprus

Japan’s Nikkei Stock Average (-2.35%), Hong Kong’s Hang Seng (-0.56%) and South Korea’s Kospi (-0.11%) fell on Friday on concerns over Cyprus and its difficulty in getting financial support, also from Russia. Talks are ongoing. Mainland China’s Shanghai Composite was one exception from the overall sentiment and rose +0.15%.

Forex: USD/JPY retracing losses ahead of Cypriot Parliament vote

By the end of the Asian session, the USD/JPY eased from its opening price area just below the 95.00 mark and eased to as low as 94.55. Now, and ahead of another Parliament vote in Cyprus to ensure financing before Monday, the pair is retracing those losses, at 94.80 currently.