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A big bulk of US data rocks the markets. US retail sales were rose by 0.6%. They were expected to rise by 0.4% after rising 0.1% last month. Core sales rose by 0.3%, as predicted. Jobless claims dropped to 334K. They were expected to rise from 346K (before revisions) to 354K now. The data is positive.

EUR/USD was trading at the bottom of the uptrend parallel channel  around 1.3320. USD/JPY was holding above 94, after being knocked down by Japanese stocks once again.  The US dollar is now on the rise. EUR/USD is tentatively losing uptrend support. USD/JPY is rising.– updates coming —

Continuing claims remain under 3 million once again, standing at 2.973.

Import prices dropped by 0.6%. They were expected to remain flat after dropping by 0.5% last month. There are fears of deflation all over the world and this number doesn’t help calm these fears.

Here is a chart of EUR/USD, showing the slide off uptrend support. This isn’t confirmed yet. Update: EUR/USD returns back to the channel and recovers.

EURUSD falling off uptrend support following good retail sales jobless claims June 13 2013

In Canada, the  New Housing Price Index rose by only 0.2%. It expected to rise by 0.3% and the capacity utilization rate was estimated to advance to 81.3% but it rose only to 81.1%.

Business Inventories are scheduled for 14:00 GMT. Tomorrow, consumer sentiment from the University of Michigan is published. See how to trade the US consumer sentiment with EUR/USD.