If the data was good, there surely would have been talk of a leak, or somesuch. Since the numbers turned out to be very weak on the retail sales side, it looks like it was just a bad guess among some of the markets biggest players. Nice to see them take it in the chops from time to time.
That said, prices have dipped only to the former range highs at 1.4285 from 1.4320 highs. 1.4240 will be the cliff where longs really start to jump. Bring it on!
US stock futures are now up only 5 points after being up 12-13 ahead of the data.
