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Gold managed to jump and sustain its recent uptrend but equities closed flat and muffled risk-seeking kept most G10 currencies range-bound. The Euro failed to hold above $1.29 levels, Canadian Dollar gained, and U.S Dollar fell against the yen. 


The Euro gains came to an end as it fell against the dollar, Euro failed to hold above $1.29 levels.  Earlier this week the euro rallied to touch $1.2930 levels, as the German government bond auction attracted high demand. The optimism from the German bond auction did not last long even though it eased some concerns about the financial insecurity in Europe.

Support/Resistance: 1.2781/1.2854


The sterling traded 0.1 percent higher at $1.5596. After release of MPC meeting minutes from bank of England's policy meeting earlier this month the GBP hit the day's high. The BoE's policy meeting minutes showed 8-1 vote to hold the interest rates at 0.5% as only One policy maker voted in favour of a rate rise.
Sterling, which was trading at a three week low, recovered as the BoE minutes could reveal a three-way split decision, which would have meant one member voting for an increase in the central bank's quantitative easing program.
Traders reported option-related offers at $1.5660/90, which were seen limiting the pound's gains.

Support/Resistance: 1.5496/1.5603