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Red all across the Asia-Pacific

FXstreet.com (Barcelona) - With US equity futures flat so far for the Asia-Pacific and following an initial positive start in the Nikkei, all local share markets have turned into the red at this point in the session, with Nikkei also down -0.25%, after a first test of session highs above the 13500 points mark.

Australian ASX is among the big losers for the day down -1.17% in the back of domestic GDP figures missing estimates, along with Korean Kospi losing -0.79% and Hong-Kong's Hang-Seng down -0.65%. Shanghai Composite index is the light green exception up +0.09% following a slightly better than expected HSBC PMI services data in China.

EUR/USD technical indicators beginning to look more constructive

The EUR/USD traded in a narrow range today still managed to finish the day in positive territory, closing up 11 pips at 1.3081. Economic data out of the both the EU and US was light, but will pick up as we approach the end of the week with the ECB Interest Rate Decision on Thursday, as well as US Non Farm Payrolls on Friday. However, before the real fireworks begin, some analyst are pointing to tomorrow’s ADP data out of the US as a possible catalyst for tomorrow’s price action.
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