Today, markets rebounded suddenly to the upside led by the euro and the pound, where both currencies rebounded on a report clarifying that the euro zone officials will expand the firepower of the European rescue fund by 200 billion euros to 700 billion in total.

Optimism spread after then as European lawmakers are taking more steps to provide further economic stabilization, where these steps are set to prevent other nations from following the Greek scenario and falling into the debt-trap, a move that could spread relief that Italy and Spain are well protected from any possible financial shock.

Euro zone finance ministers in cooperation with central bankers will discuss expanding the capacity of the temporary European Financial Stability Facility and the permanent European Stability Mechanism in Copenhagen on March 30-31.