EUR/USD (a 4-hour chart)
EUR/USD is back to 1.2840. It was able to test this resistance. The original plan for a tax on bank deposits is again relevant now.
It became relevant after the failure of the European Central Bank to make changes in the program of Cyprus assistance. The proposals were made by the Parliamentary Committee of Cyprus.
Cyprus banks will be closed until Wednesday inclusive. The rumor of a possible credit rating downgrade of Italy by Moody's agency undermined the euro as well.
Mr. Schäuble, German finance minister, has warned again of a possible default of Cyprus. The pair was trading around 1.3000 mark, then, within a day, it fell, having broke through several levels at once.
Orders for durable goods in the
Orders for durable goods excluding transportation are expected 0.9% versus 1.9%.
Sales in the primary market in February (18:00) 425K vs. 437K expected in January. The growth is possible at the exit of data better than expected.