The period of the hurricanes in the Gulf of Mexico causes erratic movements on the markets, the Ike hurricane grows bigger, it could damage the refineries and the productions of oil in the state of Texas.
The market corrects the movements lived yesterday. After having touched 1,3882 with low yesterday, the euro currently rebounds to 1,4080 against the dollar. Zone 1,4050-80 is important. Gold also rebounds, after having touched $737 the ounce yesterday, gold rebounds $ $755. The euro against the Japanese yen also rebounds, it had touched 147,53 with low and currently rebounds to 151, zone 151.00-30 is important.
For today, in the United States, we await the retail sales and the producer prices index at 14:30, follow-ups of the index of Michigan to 15:55. The market also looks at the evolution on Russia, the central bank of Russia and the purse of Russia which fell of 50% since the beginning of the year, including 30% since the problems with Georgia, the Western investors take again their assets invested in Russia,
I must acknowledge that we live one difficult period, the market attacks the “cross”, of the massive sales of euro against pound sterling took place yesterday for example.
