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USD/CHF hints at dip buying

The hourly 50-period SMA broke through the slower 200-period SMA, adding credence to the recent bullish USD/CHF profile.

If USD/CHF spot falls closer to the level where the moving averages crossed, then buyers might see it as an opportunity to reenter. Furthermore, a convincing break through the 50 SMA signals a neutral tone, shifting negative below the 200 SMA.

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China: On a transparency drive, starts reporting reserve allocation - Nomura

Research Team at Nomura, note that China has become more transparent and has begun reporting to the IMF its breakdown of its foreign currency reserves, indicated in the latest IMF COFER release for Q2 2015.
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