FXstreet.com (Barcelona) - U.S. markets are going through slight gains after the Commerce Department released an unexpected decline on U.S. retail sales in July. Euro and Pound have pulled down from week and day highs respectively, while the Dollar gave away all the day's rally against the Yen.
The Dow Jones Industrials Index trades 0.1% above its opening level, and similar advances are seen in the Nasdaq and S&P index minutes after the opening bell.
On the macroeconomic front, Retail sales have edged down 0.1% in July, following a 0.8% increase in June and against te market expectations of a 0.8% increase.
Euro and Pound pull down
EUR/USD has pulled down from intra-wek high at 1.4325, and the pair dipped below 1.4300 to test initial support area at 1.4265/70 which is under pressure at the moment.
GBP/USD recovery from 1.6390 has been capped at 1.6665 ahead of the European markets opening, and the pair has dropped below 1.6600, to test August 12 high at 1.6455.
USD/JPY recovery from August 12 low at 95.10 vas capped at 96.50 high on European session, and the Dollar dropped more than 100 pips on the U.S. session so far to reach levels around 95.30 at the time of writing.