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Forex: USD/CHF edges lower to 0.9338/39

FXstreet.com (Barcelona) - The USD/CHF has been sapped of all momentum Monday, despite having recently witnessed the publication of lackluster EMU economic data. “The pair’s unwillingness to break sharply in either direction, suggests a more sideways trend, leading to a neutral short-term outlook for the pair.” suggests Research Analyst Gareth Berry at UBS. In these moments, the pair has settled at 0.9338/39, down -0.14% thus far.

In the EMU, Sentix Investor Confidence (April) came in at -17.3, missing estimates, which called for a figure of only -13.1.

The Technical Analyst team at ICN.com analysts identifies the next corrective measures of support at 0.9300, ahead of 0.9245, and 0.9180. Regarding a paring of losses, resistances for the USD/CHF will activate should the pair reach 0.9400 onto 0.9465.

Forex Flash: Watch for markets to continue to express bearish Yen view in nearterm - OCBC Bank

Emmanuel Ng of OCBC Bank recommends that investors look for markets to continue to express a bearish yen view going ahead with short-end riskies once again favoring dollar calls over since last week.
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Forex Flash: Euro initially reclaims 1.3000 post NFP´s and Cyprus - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the Euro initially climbed back above the 1.30-level following the weaker than expected US employment report erasing its modest decline driven mainly by recent developments in Cyprus.
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