FXstreet.com (Barcelona) ? After yesterday?s record high, the Euro has eased in absence of important news, according to the FXDream Technical team the uptrend remains intact: ?On the upside, the uptrend remains intact for further upmove towards 1.6040 and 1.6100 over the next trading sessions First Resistance comes near 1.60.? On the downside, the FXDream Team forecasts: ?First Support comes near 1.5930 level Below may cause pullback down towards 1.580 later today and 1.5830 key one over today and tomorrow .?

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EUR/USD: The Euro has eased after all time high

FXstreet.com (Barcelona) ? After yesterday?s record high, the Euro has eased in absence of important news, according to the FXDream Technical team the uptrend remains intact: ?On the upside, the uptrend remains intact for further upmove towards 1.6040 and 1.6100 over the next trading sessions First Resistance comes near 1.60.? On the downside, the FXDream Team forecasts: ?First Support comes near 1.5930 level Below may cause pullback down towards 1.580 later today and 1.5830 key one over today and tomorrow .?

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EUR/USD: The Euro has eased after all time high

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US EIA Crude Oil Stocks increase by 2.4 M barrels in Apr 19 week

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US EIA Crude Oil Stocks increase by 2.4 M barrels in Apr 19 week

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Canada Retail Sales decrease 0.7% in Feb; ex autos 0.3% down

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US MBA Mortgage Applications fall by 14.2% in Apr 18 week

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US MBA Mortgage Applications fall by 14.2% in Apr 18 week

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EU Industrial New Orders s.a. rise 0.6% in Feb; 9.9% up year on year

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EU Industrial New Orders s.a. rise 0.6% in Feb; 9.9% up year on year

Fxstreet.com (Barcelona) ? The Bank of England?s Monetary Policy Committee approved by 6 votes against 3 to cut its Bank Rate by 25 basis points to 5.0%, with the committee split in three opinions for the first time since May 2006, according to the Bank?s minutes.

While most of the members of the committee voted for a 0,25% rate cut, Tim Besley and Andrew Sentance preferred to maintain Bank Rate at 5.25%, and David Blanchflower was in for a 0,50% rate cut.

The Bank points out to upside as well as downside risks around its central projection for consumer prices inflation, which have, both, increased further on the month, as the February ?Inflation Report? shows. At the same time, credit conditions have tightened and that will constrain spending, and thus, increase spare capacity and dampen inflation in the medium term.

The UK housing market has weakened and prices have fallen, however, mortgage arrears, and possessions still remain low, and employment continues rising, The Bank admits that some further price adjustments, on the down side, could be ahead, but there is still unclear how far the housing market developments could affect consumption.

Inflation has been running in levels around 2.5% in March. The Bank targets a 2.0% yearly CPI in the medium term.

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BOE: Rate cut was approved by 6 votes against 3

Fxstreet.com (Barcelona) ? The Bank of England?s Monetary Policy Committee approved by 6 votes against 3 to cut its Bank Rate by 25 basis points to 5.0%, with the committee split in three opinions for the first time since May 2006, according to the Bank?s minutes.

While most of the members of the committee voted for a 0,25% rate cut, Tim Besley and Andrew Sentance preferred to maintain Bank Rate at 5.25%, and David Blanchflower was in for a 0,50% rate cut.

The Bank points out to upside as well as downside risks around its central projection for consumer prices inflation, which have, both, increased further on the month, as the February ?Inflation Report? shows. At the same time, credit conditions have tightened and that will constrain spending, and thus, increase spare capacity and dampen inflation in the medium term.

The UK housing market has weakened and prices have fallen, however, mortgage arrears, and possessions still remain low, and employment continues rising, The Bank admits that some further price adjustments, on the down side, could be ahead, but there is still unclear how far the housing market developments could affect consumption.

Inflation has been running in levels around 2.5% in March. The Bank targets a 2.0% yearly CPI in the medium term.

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BOE: Rate cut was approved by 6 votes against 3

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United Kingdom Mar BBA Mortgage Approvals declines to 35.4 vs 43.1K in Feb

FXstreet.com (Barcelona) ? Euro Zone’s manufacturing activity’s growth has decreased to levels close to contraction in April, while services sector?s activity accelerated slightly according to the latest Purchasing Manager?s Index flash estimates.

Manufacturing PMI has declined to 50.8 in April, from 52.0 in March, while the analysts expected a softer decline, to levels around 51.6. Services PMI has edged up to 51.8 in April, from 51.6 in March instead of the drop to 51.4 expected.

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Euro Zone manufacturing activity, close to contraction in April

FXstreet.com (Barcelona) ? Euro Zone’s manufacturing activity’s growth has decreased to levels close to contraction in April, while services sector?s activity accelerated slightly according to the latest Purchasing Manager?s Index flash estimates.

Manufacturing PMI has declined to 50.8 in April, from 52.0 in March, while the analysts expected a softer decline, to levels around 51.6. Services PMI has edged up to 51.8 in April, from 51.6 in March instead of the drop to 51.4 expected.

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Euro Zone manufacturing activity, close to contraction in April

FXstreet.com (Barcelona) For more information, read our latest forex news.

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EU Apr Purchasing Manager Index Services edges up to 51.8 vs 51.6 in Mar