Forex Flash: Bunds face uptrend – RBS

FXstreet.com (Barcelona) - Bunds remain in place with a new support gained at the 145.80 level, being the 161.8% Fibonacci projection from the February-March 2013 impulse wave. However, according to Technical Strategist Dmytro Bondar at RBS, “ Bunds face a strong resistance at 146.80/90, where several projected Fibonacci levels lie (e.g. the full 200% projection of the February-March 2013 move).”

Moreover, “The price heads towards the 146.90 resistance, where there might be an initial reaction leading to a consolidation within the 146.20 – 146.90 region. Once the 146.90 resistance is broken, the next targets would be 147.63, 148.09 and 148.44. A caveat would be a break below the trendline or 13-day MA.” Bondar adds.

Apr 8, 2013

Forex Flash: Large net selling continued but toshin momentum recovered - Nomura

Nomura strategist Yujiro Goto notes that large net selling continued, but toshin momentum recovered in March.

American equity markets open lower

The US stock market edged lower Monday, stubbornly refusing to bounce back after last weeks risk-off movement that left indices in the negative. Beginning with the indices and composites, the NASDAQ fell –0.02% as it settles in region of 3203.17, down -0.69 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1551.28, descending -2.09 points or -0.13% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 14523.82, presently -0.28% after a movement of -41.43 points.