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Asian stocks looking soft

FXstreet.com (Barcelona) - Local share markets in the Asia-Pacific are showing small losses overall, following the US equity indexes, that closed lower in NY, with the SP500 down -0.37%.

The Nikkei index is down -0.68% barely below the 14500 points mark, and Shanghai Composite loses -0.45% in early trade, along with Korean Kospi down -0.25%. The Australian ASX is about even at -0.01%, while Hong-Kong's Hang-Seng opens slightly higher up +0.26%.

Flash: CAD crosses show signs of firming – TD Securities

According to the TD Securities Team, “The USD/CAD is delicately positioned – having moved back to the mid-point of the bull trend channel and tested the 40-day MA, there is some evidence to suggest that the USD/CAD rally retains a decent degree of underlying momentum overall.”
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USD/JPY scenarios ahead of Bernanke

Deducing the next directional move in the USD/JPY is a tricky one, amid big players on the western hemisphere going on 'summer holidays' - more choppiness - while more short term, the Bernanke testimony keeps the pair vulnerable to his tone.
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