The Euro weakened for the
seventh session in a row against the dollar on Tuesday in the anxiety
that uncertainty of politics in Greece and the change of leaders in
France could threaten plans for tightening is considered key in tackling
the debt crisis in the European zone, which also hit the gold to go
down to near $ 1,600 and area of crude oil dropped to the fifth day in a
row. While Wall Street was also closed in
negative area as uncertainty in Greece make investors reluctant to enter
the stock exchange.
Economic
Data today is BRC retail sales monitor from the United Kingdom, the
leading indicator of Japan, Germany's trade balance, the balance of
trade of France, crude oil inventories from the us as well as to report
earnings from Toyota, AOL, Dean Foods, Macy 's, Cisco, Activision
Blizzard, it's NewsCorp, and Priceline.com.
EUR/USD closing 1.3005, high 1.3065, low 1.2981 XAUUSD, C:1605.40, H:1638.90, L:1595.80, CO-S c: 97.41, H: 98.12 L: 89.42. Dow C: 12867, H: 12975, L:12755.
Posted in: Market Review of The U.S 09 May 2012