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UBS on CNB and CZK


(M2)‌‌ Corrective Cycle


EURCZK Consolidates Back Towards 100DMA


Pausing After Powell “Prepared To Do More”


Crude options move to cover downside

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FOREX: The FX space experienced a fairly limited start to the final Asia-Pacific
session of the week.
- The general ebb and flow was dominated by a risk off feel in early dealing,
before equity supportive measures/rhetoric from the PBOC and Chinese regulators
alleviated some of the negative sentiment.
- The "soothing" rhetoric from Chinese policy makers allowed AUD, NZD & CAD to
experience some modest outperformance, with familiar levels of medium term
support and resistance still in play for the aforementioned currencies'
respective USD crosses.
- The JPY crosses edged higher, although they stuck to tight ranges, with no
reaction to the latest Japanese CPI data, which was virtually in line with exp.
- Meanwhile, there was no notable reaction to the marginal miss in headline
China Y/Y GDP.
- Focus Friday turns to UK PSNB figures, as well as Canadian CPI & retail sales.
Elsewhere BOJ's Kuroda, Fed's Bostic & Kaplan and BoE's Carney are all due to
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