EUR/USD was persuading today without any particular pattern. It was falling at the sally of the trading session, reversed its downward trend only to fall again. Currently the publicity pair slowly crawls back to the upside. The essential part reports were also confusing. Retail sales were improvement than expected, but consumer confidence malignant, and fell more than was anticipated.
US retail sales rose 0.5% from June to July. That’s greater good result than was expected (0.4%) and higher than June modify (0.3%). Core retail sales in addition grew 0.5%. (Event A in successi~ the chart.)
Michigan Sentiment Index, according to prefatory estimates, slumped 63.7 in July to 54.9 in August. That’s a practice bigger decline that was anticipated by market analysts, who predicted the table of contents to be at 63.2 (Event B forward the chart.)
Business inventories increased 0.3% in June, showing slower growth that 0.9% increase in May and middle forecast of 0.6%. (Event B in c~tinuance the chart.)
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