US retail sales data for August was released at 1:30 pm BST. Report turned out to be better than expected and caused some moves on the markets. Highlights of the report:
• Headline: 0.7% MoM vs -1.0% MoM expected (-1.1% MoM previous)
• Ex-autos: 1.80% MoM vs -0.2% MoM expected (-0.4% MoM previous)
EURUSD broke below the major support at 1.1770 support and is heading towards next support level at 1.1720. Source:xStation5
Daily Summary: Trump and OpenAI keep the market on a roller coaster💡
Market Wrap: A 4% surge in oil prices weighs on indices (08.10.2026)
Morning wrap: Wall Street and precious metals attempt to stabilize as oil gains nearly 2%
Large decline in crude inventories 🛢️📉