The Dollar was little changed after Trade Balance was released, showing a larger than expected deficit of 39.7B, lowering the appeal of the Dollar but reducing Risk Appetite as well. NASDAQ and Dow Jones gained by 0.33% and 0.12% after mixed results from Alcoa and better than expected results by Intel. Crude Oil weakened by -0.34% closing at 84.05$ a barrel after dropping as low as 82$. Gold (XAU) weakened by -0.76% closing at 1,152.8$ an ounce. Today, Core CPI is expected unchanged with 0.1% and Retail Sales are expected higher with 1.1% versus 0.3% prior. Crude Oil Inventories will be released and likely to cause volatility in Crude prices. Fed Chairman Bernanke will testify in Washington and Fed's Beige Book will be released.
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