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Forex Flash: Italian politics strikes back – TD Securities

FXstreet.com (Barcelona) - In addition to headline risk from Cypriot politics, they may also be headlines surrounding Italian politics as Italy’s president has confirmed that discussions aiming to form a coalition will step up today. “With PD members being named to head both the Senate and the Chamber of Deputies last weekend, and subsubsequent comments from Berlusconi that there should be new elections, it looked like the chances of a PD/PdL coalition were falling, but on Tuesday Berlusconi has now said he thinks there should be a PD/PdL coalition, which for us would still be the most positive market outcome”, wrote analyst Alvin Pontoh, analyst at TD Securities.

Forex Flash: What lies ahead of the EUR/USD? – Commerzbank and UBS

The euro has regained the 1.2900 handle on Wednesday despite the lack of progress in the Cypriot front. According to market chat, Cyprus’s officials would now be looking to Russia for financial aid, after...
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Forex: USD/CHF finding resistance at 0.9480

The USD/CHF is trading mostly above the opening price line, above 0.9468, but it has been difficult to move successfully above 0.9480. German PPI contracted -0.1% in February instead of improving +0.2% as expected. The annualized data eased from 1.7% to 1.2%, below the 1.5% consensus.
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