The Euro weakened for a second day on Wednesday as the European zone debt worries culminated the day before Spain bond auction, which is regarded as the last test of the capacity in addressing the financial pressure of Madrid and the budget. Gold is down over the euro depressed by worries about the European zone.
Oil plummeted almost as much as 2% after data showed crude oil supplies down for 4 weeks in a row at the weekend. While U.S. Stock Exchange adds made-up to drop near the level low, closed depressed earnings reports by a number of technology sector is bad and in the middle of the anxiety of the European zone back sticking out.
Economic Data today is the trade balance from Japan, the NAB quarterly business confidence from Australia, 10-year Treasury bond auctions Spain, consumer confidence from the European zone, jobless claims, existing home sales, the Philadelphia manufacturing index, a leading indicator of the u.s., as well as the reports of earnings from BofA, DuPont, Morgan Stanley, Motorola, Travelers, Verizon, Microsoft, AMD, Capital One, and SanDisk.
EUR/USD closing 1.3123, high 1.3140, low 1.3056, C:1640.50, H:1654.20, and XAUUSD L:1638.20, CO-S c: 102.77, H: 112.49 l: 102.19. Dow c: 12957, H: 13049, L:12952.