The Dollar strengthened against other major currencies after worse than expected US Retail Sales data which came out -1.2% vs. expected 0.3% pushed the Stock markets lower. The Michigan Consumer Sentiment Index came out 75.5 better than expected 74.8. At the end of the day, the Stock Markets recovered and closed with gains. NASDAQ and Dow Jones rose by 1.12% and 0.38% respectively. Crude oil fell by -1.6% closing at 74.2$ a barrel. Gold (XAU) gained after falling 3 days in a row closing at 1226$ an ounce. No economic data is expected today.