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Forex: USD/CHF pressured ahead of European opening

FXstreet.com (Barcelona) - The USD/CHF was under a narrow range trade around 0.9350 since ECB Draghi’s press conference, admitting the readiness for negative deposit rates if needed. Ahead of the European opening, the pair fell to 0.9327 low. The Economic Growth Forecasts by the European Commission are the main attraction of the morning, before the market hands it over to the US and awaits for Nonfarm Payrolls.

During the Asian session, China released its non-manufacturing PMI which eased from 55.6 to 54.5 in April.

“Rallies need to regain the 0.9383/90 pivot (November and January highs) to alleviate immediate downside pressure and re-target the 0.9491 10 month downtrend”, wrote Commerzbank analyst Karen Jones, pointing to support at 0.9248.

Forex: NZD/USD trading positively at 0.8520/22

The NZD/USD has edged higher Friday, with all eyes focused on the United States later today and the vaunted release of Nonfarm payroll data. During European trading however, the cross has remained fairly sideways, though is entrenched in positive territory at 0.8520/22 in these moments.
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Forex: EUR/USD around 1.3100 on Nowotny comments

The single currency picked up pace to re-test the key resistance at 1.3100 on Friday after ECB’s E.Nowotny tried to talk down the likeliness of negative interest rates on deposits, arguing that the...
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