The Euro strengthened against the
dollar on Thursday, ending the decline for 8 consecutive session and
recover from low level 3-1/2 months as the meredanya tension on the bond
market Spain and Greece had managed to secure funds to pay off his
debts.
Gold
is up end the decline for 3 days, after the action of bargain hunting
after the market fell sharply to intrude this week in the debt crisis
worsening anxiety in Europe. Oil prices due to the Chinese data mix is worse than expected and the increasing production of OPEC. Wall Street falls for made-up closed mix but the Dow managed to end loss streak for 6 days.
Economic
Data today is the nationwide consumer sentiment, the PPI of the United
Kingdom, CPI, PPI, industrial production, retail sales of China, CPI,
PPI, Germany's University of Michigan consumer sentiment report from the
u.s., as well as earnings from Nissan and Nvidia.
EUR/USD closing 1.2937, high, low, 1.2979 1.2923 XAUUSD C:1595.25, H:1601.90, L:1586.00, CO-S c: 96.55, H: L: 98.52 108.95. Dow C: 12834, H: 12892, L:12741.
Posted in: Market Review of The U.S May 11 2012