Focus on US Retail Sales on Wednesday

US Retail Sales unexpectedly contracted 0.1% MoM in February. The EUR/USD is off the highs near $1.2400 that it reached after the weak US retail sales report. The pair rebounds to the 1.2400 handle post-US data as EUR stays under pressure following Draghi’s dovish comments.

After bottoming out in the 1.2360 region, EUR/USD is now looking to regain the 1.2400 handle and above in the wake of disappointing data releases in the US docket. The USD/JPY recovers from the lows of ¥106.31 that it fell to after the weak retail sales. The USD is recovering across the board. Earlier, the US

Dollar suffered from the fears of more tariffs and a protectionist agenda following the ousting of Rex Tillerson as Secretary of State.

However, U.S. stock futures staged a recovery on Wednesday, pointing to a higher open on Wall Street. At 5:55AM ET (9:55GMT), the blue-chip Dow futures gained 91 points, or 0.36%, S&P 500 futures rose 8 points, or 0.30%, while the Nasdaq 100 futures traded up 30 points, or 0.42%.

Source 

https://www.investing.com/news/economy-news/top-5-things-to-know-in-the-market-on-wednesday-1340674

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https://www.ft.com/news-feed

https://www.fxstreet.com/currencies/eurusd?utm_expid=.3P9hKnebQNiWu3C5ouyZdg.0&utm_referrer=https%3A%2F%2Fwww.fxstreet.com%2Ft%2Fnews

https://www.fxstreet.com/currencies/gbpusd

https://www.ft.com/content/52a583b8-2788-11e8-b27e-cc62a39d57a0