More US economic data misses are seeing USD falling across the board. Equities rebounded Thursday but FX was largely unchanged as the CPI-inspired rise in Treasury yields faded. US retail sales contracted by more than expected, US industrial production slowed by more than anticipated and Univ of Michigan sentiment survey is up next. Ashraf issued calls to the WhatsApp Broadcast Group long EURUSD near 1.2060s, US crude near 64.40s and XAGUSD as well as XAUUSD. The chart below highlights how economic surprise index for the Eurozone is exceeding its US counterpart, while remaining well correlated with EURUSD.

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