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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.

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.
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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.
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