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Flash: USD/CHF has eroded the March high - Commerzbank

FXstreet.com (London) - Research teams and analysts at Commerzbank said that USD/CHF has eroded the March high and the short term uptrend at 0.9568/62.

Adding, that the market has sold off to the 38.2% retracement of the move seen this year at 0.9528 and suggest there may be a small rebound from here. Failure here, they say, suggests a deeper retracement to the 200 day ma at 0.9359 and the 0.9317 2013 uptrend.

Flash: What does the EUR/USD have to offer? – UBS and Commerzbank

Pullbacks in the single currency seem to be contained in the 1.3015/20 region so far on Friday, keeping the pair above the psychological limestone at 1.3000 after Thursday’s steep ascent....
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Flash: China MNI Business Indicator drops - Nomura

Nomura economist Zhiwei Zhang notes that the China MNI business sentiment indicator dropped to 56.7 in May from 58.5 in April, which is lower than the flash estimate of 57.1, released on 24 May.
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