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Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY
FXstreet.com (San Francisco) - A choppy day in the currency market as economic data was shacking the pairs but let them virtually unchanged ahead of UK and European central banks meetings and US GDP on Thursday and the NFP on Friday.

The EUR/USD declined to 1.3525 following US better than expected data but the pair managed to recover and cit closed around 1.3595. "The hourly chart shows little direction after the back and forth in price that left indicators in neutral territory," FXstreet.com's chief analyst commented in a recent report, "and little should be expected ahead of ECB early Thursday, as the pair is expected to remain capped below key Fibonacci resistance at 1.3625, while the downside seems to be protected by buyers interested all the way down to 1.3490."

The GBP/USD remains in consolidation mode around 1.6400 after finding buying interest around 1.6325, the pair seems poised to overtake the 1.6400 area ahead of BoE. The USD/JPY declined for second day with the pair trading shortly below the 102.00 area but recovering to 102.35, where the pair closed.

Main headlines in the American session:

US ADP Employment Change increase to 215K in November

Taper gets a boost from strongest ADP report of the year

Canadian October trade surplus C$ 75 mln

US: Trade deficit (Oct.) shrank to $40.64 billion

Markit's US service sector PMI dips compared to flash estimate

US: ISM Non-Manufacturing PMI slides to 53.9 in November

US: New Home Sales up to 0.444M in October

BoC maintains interest rate at 1% in December

Beige Book: Economy expanded at a moderate to modest pace; Manufacturers optimistic about growth

Wall Street closes mostly lower as good news are a bad fuel
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