US: IBD/TIPP Economic Optismism (MoM) disappoints at 42.2 in March

The March IBD/TIPP Economic Optismism (MoM) was expected to drop from 47.3 to 46.3, but actual data is disappointing investors with the figure of 42.2.

Mar 5, 2013

Troika to suggest loan extension options for Ireland and Portugal and resume aid talks with Cyprus

At the press conference ending the two-day Eurogroup meeting on Tuesday EU Commissioner for Economic and Monetary affairs Olli Rehn assured that the the Troika would resume bailout negotiations with Cyprus as soon as possible, with an aim of reaching the final deal at the end of March.

Forex Flash: EUR/USD buffered by 1.3000 support – RBS

Looking into the weekly charts this morning it’s worth noting that recent price action failed to close the week beneath the important 1.3000 level and has found small support here just as it did at the end of December last year. This recent sell off has been quite aggressive (falling some 5.4% in the last 5 weeks) the last 4 weeks have posted consecutive lower lows and lower highs. According to Technical Strategist William Moore at RBS, “any support level has a lot of downside momentum to stop and around here at 1.3000 is so far proving quite resilient. Beneath there the extended neckline at 1.2896 sits waiting and 1.2730 waits even lower. The bias here is that the market’s slightly oversold here and one of these levels will provide some respite from the downtrend.”