Market Review of The U.S May 02, 2012

Australia Dollar down sharply after the Reserve Bank of Australia cut its interest rates more than expected as much as 50 basis points. Meanwhile the U.S. manufacturing sector reports and Chinese better than expected pushed crude oil and Wall Street's rise, while the high level of the rectified Golden session as the dollar rally after the release of the ISM Manufacturing PMI report.

Accounting Data today was HSBC manufacturing PMI from China, retail sales, SVME PMI from Switzerland, unemployment change from Germany, manufacturing PMI, jobless rate from the European zone, ECOFIN meeting of United Kingdom, construction PMI, ADP non-farm employment change, factory orders, the crude oil inventories from the US, as well as earnings reports from Comcast, Time Warner, UBS, Barrick Gold, Clorox, CVS, Marathon Oil, MasterCard, Dreamworks Animation, Green Mountain Coffee, Sunoco, Transocean, Visa, and Whole Foods.

EUR/USD closing 1.3237, high, low, 1.3283 1.3203 XAUUSD C:1661.70, H:1671.30, L:1657.25, CO-S c: 105.97, H: 106.43 l: 104.39. Dow c: 13218, H: 13284, L:13105.

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