Forex: EUR/USD treading water around 1.2820

FXstreet.com (Barcelona) - The shared currency is orbiting around 1.2820 on Good Friday, as the trading week is drawing to a close.
News from Italy remarks that the meeting between President G.Napolitano and centre-left leader P.L.Bersani has ended without any announcements. G.Napolitano would make a decision on the government during the weekend.

In the meantime, uninsured depositors of the Bank of Cyprus will get 37.5% of deposits over €100K in equities.

At the moment, the cross is advancing 0.03% at 1.2820 facing the next hurdle at 1.2884 (MA200d) en route to 1.3050 (high Mar.25) and then 1.3163 (high Feb.28).
On the flip side, a breakdown of 1.2804 (low Oct.2012) would open the door to 1.2751 (low Mar.27) and finally 1.2730 (low Nov.19).

Mar 29, 2013

Italian political quagmire lingers into holiday weekend as negotiations abound

Per the latest out of the political quagmire that is the Italian Republic, former Prime Minister Silvio Berlusconi told President Giorgio Napolitano that he is ready to cooperate with rivals in the formation of a government and said he wants a voice in picking the next president. “We were and still are open to giving life to a coalition,” Berlusconi told reporters in Rome today after meeting Napolitano. “We think it’s logical that if we form a government together, a coalition government, then together we must discuss about who will be the best president of the republic.”

Forex Flash: MAS to release policy statement in mid April – ANZ

According to FX Strategist Khoon Goh at ANZ, “We expect the Monetary Authority of Singapore (MAS) to release its Monetary Policy Statement (MPS) on Friday 12 April.” The MAS is yet to confirm the date, but in accordance with past practice, we expect the MPS date to coincide with the release of the advanced GDP estimate.