The Euro slipped to a low
level 3-1/2 months against the dollar on Wednesday and dropped down as
low as $ 1,600 per ounce, in the anxiety that a political issue in
Greece may threaten the deal help anxiety about risks and by bank Spain.
Oil prices fell, depressed by data showing US
crude oil supplies increased for 7 weeks in a row and the political
changes in Europe that could again turn on the debt crisis there. Wall
Street managed to escape from the lowest level following news that
Greece will get the next bailout payment, but still closed in negative
area in the Central European zone of anxiety is still there.
Economic
Data today is a current account, economy watchers sentiment, bank
lending from Japan, employment change, jobless rate from Australia, the
trade balance of China, the ECB monthly bulletin, manufacturing
production, industrial production, NIESR GDP estimate from the United
Kingdom, the decision and the statement of interest rates, trade
balance, BoE jobless claims, the federal budget of the US, from Ben
Bernanke's speech, as well as earnings reports from ArcelorMittal, Kohl
's, Sony, Nordstrom.
EUR/USD closing 1.2930, high 1.3005, low C:1590.85, 1.2910, XAUUSD, H:1606.15, CO-L:1579.15 S C: 96.37, H: 97.39 l: 95.17. Dow C: 12795, H: 12884, L:12700.
Posted in: Market Reviews of The U.S May 10 2012