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GBP – under pressure - Commerzbank

FXstreet.com (London) - The research team at Commerzbank note the recent break lower and say this is directional. "The market is now under pressure to sell off to 1.5035/28 4th April low and the 20th March low." – Analyst,
Karen Jones, Commerzbank

She goes on to say that the support at 1.4994 is regarded as the last defence for 1.4832, the March low. They mention that short-term rallies are expected to remain capped 1.5335/85 and key resistance is regarded as its 1.5601/50% retracement of the move seen this year, while capped here the market is viewed as having topped.

US: CB Leading Indicator grows more than expected in April

The US CB Leading Indicator increased 0.6% in April, compared with the 0.2% drop in March, the Conference Board revealed on Friday. Analysts expected a 0.2% rise.
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Flash: Bearish yen trend has propensity to continue – UBS

Given the market is still struggling to digest the existing easing program, many investors have wondered how could the BoJ hope to ease further if inflation remains elusive.
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