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Forex Flash: Energy market microcosms - Nomura

Nomura economist Phillip Rush comments that regulatory-driven changes to the energy market’s structure are squeezing UK electricity generation capacity and it is at the detriment of price.

He feels that greater reliance on gas is the official answer, despite its reduced abundance. He writes, “The US’s shale gas “miracle” is unlikely to be replicated in Europe and transatlantic arbitrage is not effective. This continues to contribute to the UK’s unfavourable inflation, real income and thus GDP growth performance relative to the US.”

Forex: USD/CHF retesting the 0.9300 resistance

The USD/CHF has been on the winning end of the risk-off movement that has enveloped the market Thursday, as market participants are still trying to digest yesterdays FOMC minutes. A surge that took the exchange to 0.9322 (session high) was ultimately sequestered in recent moments, easing the pair back towards the 0.9306/08 level at the time of writing.
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Forex Flash: USD/JPY watches Obama/Abe talks while AUD/USD eyes RBA testimony - OCBC Bank

Emmanuel Ng of OCBC Bank notes that USD/JPY may continue to hover in recent ranges pending further official rhetoric and also the Abe/Obama meeting later this week.
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