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Forex: USD/CHF sideways trading at 0.9446/50

FXstreet.com (Barcelona) - A USD/CHF has traded sideways following a furious rally during the afternoon of American trading Wednesday. In these moments the cross is operating at 0.9446/50, incurring a marginal loss of -0.04%.

Regarding a movement lower, supports for the USD/CHF will activate should the pair reach 0.9421 onto 0.9392 and ultimately 0.9342. On the ascension, Mataf.net analysts point to corrective measures of resistance at 0.9500, then 0.9550, and 0.9579.

“Comments from ECB President Draghi reiterating that the commitment to the euro is "vastly under-estimated" has helped the euro claw back its earlier losses entirely and a move above $1.2855, especially on a close basis, would be a very constructive technical development”, argued Marc Chandler, Strategist at Brown Brothers Harriman.

Forex Flash: Analyzing Japanese liquidity – UBS

Leaving central banks out of the picture, we find that liquidity preference in JPY by other categories may be more nuanced. For example, compares central bank JPY deposits in the UK versus that of non-resident banks and others (households or corporates). Similar to central bank trends, there was a sharp rise in JPY-denominated liquidity in 2008 and 2009, but there wasn't a corresponding rise in 2011 or 2012.
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Forex: EUR/USD in session highs above 1.2880

The shared currency keeps pushing higher on Thursday, eyeing the key 200-day moving average in the area around 1.2890/95 as buying interest persists....
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