The Euro slipped from high level 2 weekend and near high level 5 weeks against the yen on Wednesday, triggered by a melebarnya bond yield difference in Germany and other European countries, signifying a new anxiety about the European zone.
Crude oil prices surged to close above the $ 107 a barrel, a day after the worst daily decline in oil in 3 months. Meanwhile, gold rally above $ 1,650 an ounce.
Wall Street closed mixed following home sales report weaker than expected and investors reluctant to enter the market following the recent rally.
Economic Data today is the trade balance from Japan, HSBC manufacturing PMI, trade balance of China, manufacturing and services PMI PMI from Germany, France, and the European zone, as well as industrial orders and consumer from the European zone, retail sales of United Kingdom, jobless claims, CB leading index from the US, as well as a speech by ECB Draghi and Ben Bernanke.
EUR/USD closing 1.3216, high, low, 1.3177 1.3676 XAUUSD C:1650.50, H:1661.65, L:1646.95, CO-S c: 106.90, H: 107.64 L: 106.06. Dow C: 13066, H: 13160, L:13042.
Posted in: Market Review March 22 2012