Dollar weakened against the yen
in volatile trading Friday after US employment data for April, which
gives an overview of the health of the economy. mix
U.s.
labor report disappoints aggravate economic sentiment, pushing crude
oil for closed below $ 100 per barrel and the stock exchange closed down
sharply AS to the negative.
While
gold climbed as investors sell crude oil and gold stocks then turns on
after reports the US NFP a weak push the attractiveness of gold as an
investment given the weakening economy might trigger further monetary
easing by the Federal Reserve.
Economic
Data today is the minutes of the BoJ meeting, AIG construction index,
retail sales, building approvals,, ANZ job advertisements, NAB business
confidence from Australia, unemployment rate, foreign currency reserves,
the CPI from Switzerland, the sentix investor confidence from the
European zone, factory orders from Germany, and consumer credit from the
us.
EUR/USD closing 1.3083, high, low, 1.3178 1.3078 XAUUSD C:1642.45, H:1647.25, L:1626.95, CO-S c: 98.59, H: 102.72 L: 97.51. Dow c: 12957, H: 13168, L:12952.
Posted in: 2012,Market Review of The U.S May 07