Italy Industrial Output s.a. (MoM): 1% in January; 1.4% (YoY)

FXStreet.com (Barcelona)

Mar 10, 2014

Asia EM Express: Chinese metal markets fall on default contagion woes

Copper and iron ore prices on Chinese markets plunged on Friday raising concerns over the country's growth prospects and the stability of its financial system, which is weakened, among others, by such practices as “using metals as collateral for loans,” as Greg Gibbs, FX Trading Strategist at RBS points out.

GBP/USD found the reason to move lower

GBP/USD spent too much time in consolidation, and when the attempts to break above 1.6740 resistance level failed, the pair reversed the move, and sold-off all the way to 1.6682 low.