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Friday, March 29, 2013

Premarket Report for March 29th: US market closed.

US market is closed today, not much expected over the weekend. Cyprus is closed on Monday, so the bank run fear will be less. Friday Fed POMO of 4.75B was enough to keep the market in the green. Stocks have hit all time high, which also mean its now double top for the all time high. Now stocks needs to make quick rally up or down, as it cannot stay at this level for long. Anyways, follow the market don't bet against it and don't keep any holding overnight.


Economic Calendar:

SessionTimeCurrencyEventImpactActualForecastPrev.
3:45EURFrench Consumer Spendinglow0.4-0.8
3:45EURFrench PPImed11.4
3:45EURFrench Consumer Spendinglow-2-0.2
3:45EURFrench PPImed0.20.5
8:30USDPersonal spendingmed0.60.2
8:30USDPersonal incomemed0.8-3.6
8:30USDCore PCE Price Indexmed0.10.1
9:55USDUniv of Mich Sent. (final)med72.671.8