Oil is down for a third day on
Monday, restoring the previous gains due to rally following the package
help for banking, as investors anxiously Spain that other eurozone
countries would need help.
Along
with the decline in oil, the euro removes the gain against the US
dollar and us stock exchange Wall Street down as investors cemasn
regarding its impact on public debt and whether Greece elections on
Sunday will be deepening debt crisis area. The
price of gold goes down as the euro weakened and investors are scared by
last week's price drop bearlih into other assets chosen.
Economic
Data today is the tertiary industry activity, the CGPI from Japan, the
speech of the BoJ Shirakawa, NAB business confidence from Australia,
SECO economic forecast from Switzerland, manufacturing production,
industrial production, NIESR GDP estimate from the United Kingdom,
import prices, IBD/TIPP economic optimism, the federal budget from the
us.
EUR/USD closing 1.2482 1.2668, low, high, 1.2478, H:1607.70, and XAUUSD C:1599.40 L:1582.15, CO-S c: 81.12, H: 153 L: 81.11. Dow c: 12310, H: 12715, L: 12308
Posted in: U.S Market Review June 12 2012