The sharp rise in the U.S. retail sales in July was unexpected on Tuesday; stocks on Wall Street went up sharply.
Thus, the Dow Jones ended the day with just two points of profit, and all this was reflected in the exchange rates of currencies, especially it affected the dollar.
These movements extend to the European session on Wednesday, in which the euro becomes bearish in the short term charts and begins to seek a strong trend line at 1.2240. The British pound, meanwhile, remains a little bit stronger than after the Minutes of the Bank of England, where a decision was taken to leave the interest rates unchanged.
Moreover, at 9:00 they will release the data on foreign capital in June and at 9:15, on indices of industrial production and capacity utilization. Close the book inventory of oil is expected at 10:30 which can give motion to the still Canadian dollar, which for now is at 0.9920 with no signs of any kind in the short term.
Nothing new happens in Europe as the markets are expecting the publication of such data. At the beginning of the American session the most relevant movements of Wednesday may affect the market.
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