Bersani informed Napolitano he can't form government

FXstreet.com (San Francisco) - Pier Luigi Bersani, Secretary of the Democratic Party, has told Italian president Giorgio Napolitano that his party is unable to form government as he is facing unacceptable preconditions from the other parties.

The President Napolitano has scheduled, thus, a meet with the party leaders Tomorrow Friday at 10:00 GMT as he will lead the negotiations to form government.

Mar 28, 2013

Forex Flash: AUD/USD strategy profile – Westpac

The AUD/USD has been better supported than we expected, however the failure to break 1.0500 seems telling. Price action in key commodities is mostly not very encouraging while it is hard for the AUD/USD to stand still when EUR/USD is tanking, threatening to export at least some of Europe’s financial stress to Asia-Pacific.” notes Global FX Strategist Sean Callow at Westpac.

Wall Street closes higher with the S&P at record high

The US stocks market closed Thursday with gains as investors traded confidence on US recovery but with a eye on Cyprus. The Dow has posted its best quarter since 1998 after climbing 11% and the The Standard & Poor's 500-stock index closes all time high of 1,569.19.