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Flash: EUR supported on three accounts - BMO Capital Markets

FXstreet.com (London) - In light of the recent, reasonably strong performance of the EUR on the cross rates despite persistent slippage in some core and peripheral macro economic data points, research teams at BMO Capital Markets are keeping an open mind regarding how “mature” or well advanced this cycle of EMU-positive capital flows and sovereign spread compression has become.

Broadly speaking, BMO remain of the view that there are three capital flows-related components to EUR strength at this stage, particularly on the cross rates: 1) the remnants of the July 2012 “Draghi put”, 2) Japanese “Abenomics-inspired” flows and 3) the decline of interest in the “high-yielding” and developing market currency spaces, which has benefitted the EUR partly by default.

Flash: Further weakness expected - Commerzbank

The EUR/JPY had been pretty sidelined all week. Commerzbank analysts said that very near term the market is on the defensive, the market is struggling here and the intraday charts are indicating further weakness is likely ahead of recovery.
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Flash: USD/CHF could extend correction with push below 0.9527 – UBS

UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's majors and outline the technical positions.
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