USD Dollar (USD)

The Dollar lost gains across the board as ongoing positive news coming out of Europe pushed the investors to buy higher yielding assets and drop the greenback. The Initial Jobless Claims came out 445k worse than expected 404k. The PPI came out 1.1% better than expected 0.7%. The Trade Balance came out -38.3B, better than expected -40.6B. The Stock Markets in U.S. closed negative as the Dow Jones fell -0. 2% and the NASDAQ declined by -0.07%. The Crude Oil lost -0.5% and closed near the 91$ a barrel.

Gold (XAU) declined below the 1380 area and closed at 1374$ an ounce. Today, the Core CPI is expected unchanged at 0.1%. The Retail Sales are expected at 0.7% vs. 0.8% previously. The Michigan Consumer Sentiment Index is expected at 75.5 vs. 74.5 previously.