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      EUR/CHF off highs ahead of SNB

      FXStreet (Edinburgh) - The Swiss franc is now reclaiming part of its overnight losses vs. the euro, taking EUR/CHF to the 1.0965/60 band.

      EUR/CHF focus on SNB meeting

      The cross has recovered from Wednesday’s deep sell off to the 1.0920 area, managing to clinch the vicinity of 1.0980 during the Asian trading hours, although the upside seems to have run out some steam so far.

      Later in the morning, the SNB will hold its monetary policy meeting, although market expectations for any surprise by the central bank are close to zero. In light of the event, Strategist at Rabobank Emile Cardon argues “we expect a dovish tone from the SNB, with Thomas Jordan repeating that the central bank is ready to do more, if necessary. There is a good possibility that the ECB will expand its future asset purchase programme, which could trigger more action from the SNB by the end of this year”.

      EUR/CHF relevant levels

      At the moment the cross is up 0.01% at 1.0969 with the next support at 1.0922 (low Sep.10) ahead of 1.0878 (low Sep.9) and finally 1.0832 (low Sep.7). On the other hand, a break above 1.1011 (high Sep.15) would aim for 1.1049 (high Sep.11) and then 1.1100 (psychological level).

      EUR/USD forecast: all eyes on the FOMC – Commerzbank and OCBC

      EUR/USD keeps trading in the vicinity of 1.1300 the figure at the end of the Asian session on Thursday, ahead of the key FOMC meeting due later in the European evening...
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      Japan: Expect QQE in BoJ’s October meeting - SocGen

      Takuji Aida, Research Analyst at Societe Generale, expects BoJ to implement additional QQE measures in its upcoming October meeting.
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