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Forex Flash: Bunds test 13-day MA – RBS

FXstreet.com (Barcelona) - Bund prices are testing the trendline and 13-day moving average, which all lie very close to the 145.46 level, being the 150% Fibonacci projection from the February-March impulse wave. According to Technical Strategist Dmytro Bondar at RBS, “This is an important point, as if the breakout is confirmed on close, it would suggest a change in market sentiment. The first support lies at 145.11, then 144.68. Below that a major support level would be 144.00. A close above the trendline would bring hopes for the bulls.”

Portugal Consumer Price Index (MoM) increase 1.7% in Mar; 0.5% (YoY)

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Troika suggests extending loan repayment for Portugal and Ireland by seven years

According to Reuters, Troika officials issued a statement on Wednesday in which they urge EU policymaker to grant Ireland and Portugal seven more years for bailout loan repayment. This would help the countries return to full market financing.
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