Session Recap: Resting day in Currencies; Majors on range

FXstreet.com (San Francisco) - The USD traded sideways against its majors competitors as the Easter Friday brough a quiet session. The Positive note came with the personal income and spending and the Michigan Consumer Sentiment that showed better than expected data.

Meanwhile, Italy lived another Groundhog Day as parties didn't reach a government agreement and now talks say that even President Napolitano is thinking about his resignation.

The EUR/USD consolidates levels above the 1.2800, the GBP/USD trades closes to the 1.5200 price and the USD/JPY holds above the 94.00 frontier.

Main headlines in the American Session:

US: Reuters/Michigan Consumer Sentiment Index rose to 78.6 in February
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=cab43649-e8ba-4873-9fff-780f6116bc53

Forex: EUR/USD rises towards highs after US consumer sentiment
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=57ef2bf5-7699-4483-b1ce-738e9907cb35

Forex: USD/JPY retraces losses on US session
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=8adc7a0e-5906-454d-bd31-ced251f9b5cd

Forex: GBP/USD stumbles to 1.5184/86
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=1a61f7c1-7d2d-4368-99cc-e8bc158feaad

Forex: AUD/USD sideways trading at 1.0409/10
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=780249a6-2dcc-4f9a-b493-d5d6cb564753

Italian political quagmire lingers into holiday weekend as negotiations abound
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=7df76362-8d95-4f9a-8b0c-0fd13001d600

Forex: EUR/USD treading water around 1.2820
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=5284ef9c-050f-4739-a15c-7ac7565f7fd1

Forex: USD/CHF holds above 0.9485 at the Friday's close
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=9d811234-1789-41ec-8c06-59554ddf7133