Market Review US & Europe 20 March 2012

The Euro rose to the highest level in more than a week against the dollar on Monday after Greece's default insurance auction strengthened the view that Greece puts less a threat to the European zone.

Gold is up, with a number of investors grew optimistic by signs that the central bank had bought gold when the price goes down.

Oil traded near the highest level of week as investor optimism on economic recovery in the u.s. and the Arab oil output is approaching a level Saudit the strongest since 1980.

The US stock exchange regardless of high level ahead of the closure but still can print little gain.

Economic Data today is Australia's leading CB index, the minutes of the meeting of the RBA, PPI industrial production from Germany, Switzerland, CPI, industrial production expectations of CBI United Kingdom, building permits, housing starts in the US, as well as speeches from Geithner and Ben Bernanke.

EUR/USD closing 1.3240, 1.3264, low 1.3140, C:1663.95, H:1669.95, and XAUUSD L:1652.70, CO-S c: 107.89, H: 108.24 l: 106.55. Dow c: 13167, H: 13208, L:13123.