The Futures of the US indices indicate higher levels, even that they are small. There is the possibility to see lower levels of the indices later on during the session.
US dollar did trade lower again but not as much as previous days. The Japanese yen continue to be strong and that is showing the negative sentiment of the markets at this time. The price of Oil is trading lower during the European session but it did hold positions above $52 per barrel, which is negative for the indices. Lower USD, Higher JPY and lower Oil, the prices of the indices can start to head lower.
The data from the US were negative of the Retails Sales. We still expect consumer sentiment and inflation expectations from Michigan. If the data is better than expected this may support the USD.
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