Saturday, 30 March 2013
Friday, 22 March 2013
Last week, the Fed kept the monetary policy unchanged, but might reduce quantitative easing 3 (QE3) sometimes this year. In reality, investors are focusing on Cyprus, where another chapter of the euro zone history is unfolding. EURUS is leaning on key support lines. A rebound to 1.31/1.32 is possible short term.
Sunday, 17 March 2013
Friday, 8 March 2013
The Italian rating has again been downgraded; however, Portugal and Ireland are moving out of the woods. The Eurozone stays under pressure in the short-term but the euro is likely to test the high against the dollar by the end of 2013.
Friday, 1 March 2013
The Italian elections had virtually no winners, while in the US sequestration is now a reality. Incertitude should continue for the short term, and the S&P 500 index could correct to 1440, and eventually 1400.