Dear Trader,
In a week in which scandalous DSK, IMF’s chief arrest shoved commodity and currency bustle from the headlines, the subsequent consequence in the market is a moment of calm and directional indifference. The scandal comes at a critical moment for the International Monetary Fund, which is trying to shore up teetering economies in Europe where no clear determined decisions would resolve the sovereign debt issue in the zone with Greece being vexed.
Yesterday, Wall Street opened higher after weekly jobless claims data suggested the labor market was on track for recovery but, the news were offset by a weak data on Housing and dropping stocks.
Elsewhere, Oil prices have undergone a significant correction in the previous two weeks and are likely to remain volatile on concerns about the recovery of the U.S.
Gold & Silver prices slipping after the U.S. dollar showing signs of a sluggish growth.
