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Forex: USD/CHF hits 2-week high

FXstreet.com (Córdoba) - The US dollar strengthened across the board at the beginning of the American session as risk sentiment deteriorated after data showed the US economy stood below trend potential in March, according to the Chicago Fed national activity index.

Against this backdrop, USD/CHF pushed higher and reached its strongest level in nearly 2 weeks at 0.9358 before finding resistance. At time of writing, USD/CHF is quoting at the 0.9350/55 area, where it records a 0.4% daily gain.

In terms of technical levels, the Mataf.net analyst team locates immediate resistances at 0.9365 and 0.9390, while they see next supports at 0.9335 and 0.9310.

Forex: EUR/USD muted after US data

The shared currency remained apathetic after the Chicago Fed National Activity index dipped to -0.23 during the month of March, down from 0.76 registered in February...
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Commodities Brief – Gold testing 1427 resistance, crude oil falls off 89.00 mark

The yellow metal was off to a promising start Monday, peaking briefly at the 1436 level (daily maximum) at the onset of US trading. However, this proved to be the capping of an otherwise unabated uptrend today, culminating in a paring of gains down to USD $1427.13 per oz. Ultimately, a break above the 1428 resistance will open up a path towards the next upside target at 1460 handle.
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