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Forex Flash: Managing RMB expectations - HSBC

FXstreet.com (Barcelona) - HSBC analysts have taken a look at RMB´s prospects for the year and see upside ahead but are keen to manage expectations.

They note strong inflow pressure are likely to soften in the rest of Q2, but they expect the RMB to stay resilient. Additionally, the highlight policymaker´s commitment to rebalancing the economy and believe that reforms hold the key for the currency. Overall, they are forecasting an annual appreciation on circa 1.5% in 2013.

Forex Flash: Crude oil at crossroads – RBS

Crude oil was confirmed near the 86 retracement (23.6% of the Jun-Sep 2012), while the slow stochastic had formed a positive crossover in the oversold region. The view had also been confirmed by an opening today above the 5-day MA with a bullish gap.
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Forex: USD/CHF challenges 0.9500

The Swiss franc remains among the worst performers on Wednesday, having fallen to a fresh 3-week low versus the greenback.
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