Session Recap: EUR/USD holds 1.3000; But dark clouds for the Pound

In a quiet session, the EUR/USD has been trading sideways as the pair failed to consolidate above the 1.3050 level and fell to the 1.3015. However, the pair remains above the 1.3000 key price. The picture is not as good for the Pound where a horrible data from the UK industrial sector prompted investors to start considering the likelihood of the British economy slipping back into recession.

The Pound came into pressure with the GBP/USD falling to another lowest levels since June 2010, this time at 1.4830. The EUR/GBP rallied to 0.8790 but as far as the Euro is not the strongest currency, the pair collapsed to trade below the 0.8750 zone again. The GBP/JPY tested 142.00 zone and currently the pair recovered ground to trade at 143.00.



Main Headlines in America (in chronological order):

American equity markets open cautiously on European concerns

Commodities Brief – Gold makes failed attempt at 1600, crude oil overtakes 93.00 mark

Session Recap: USD broadly mixed

Forex: USD/CAD bounces at 1.0250

Forex: EUR/USD pullback holding at 1.3020

Euro: Another day, the same range

Troika negotiating a smaller bailout with Cyprus

Forex: GBP/USD reverses daily losses

Forex: EUR/JPY resuming the downside, around 125.00

US markets in red, dollar slightly up

Forex: US Dollar Index flat around 82.60

Forex: EUR/USD keeps the red around 1.3030/40

Forex: EUR/GBP rejected from 2-week highs

Wall Street closes mixed; DJIA ends higher for 8th straight day