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A very mixed reaction has been seen to U.S. retail and jobless numbers that posted better than expected on Thursday. After a positive read of 0.5% on headline retail sales, above the expected 0.2%, and jobless claims that still printed over 600k for the week, global equity futures markets dropped lower, gold tumbled in value, oil dropped a little, and the Used stood still overall.
It has been a month of no sustainable movement in currency values, mainly due to the fact that equity markets cannot break the channel that they are in. If equity markets move higher the Usd will weaken, but if we see sideways or lower equity moves the major pairs will stay bullish, but range-bound.
The trend on the majors is to sell the dollar at the moment, in-line with equity markets trying to go higher, but right now it is not a clear picture as to where Thursday Wall Street trade will take things. The dollar is finding buyers at the moment, but on low momentum, and very thin market-wide volume.