Short-Lived Surge in EUR/USD in Wake of Generally Downbeat U.S. Retail Sales & Jobless Claims Data

Yet..again..still disappointing :(

U.S. core (excluding autos) advance retail sales fell 0.2% in December, disappointing expectations for a 0.3% rise to add to their revised 1.9% gain the month prior. Meanwhile, headline sales dropped 0.3% versus calls for a 0.5% rise and following their revised 1.8% increase in November. Core sales (excluding both autos and gas) slipped by 0.3%, disappointing expectations for a 0.2% gain to buttress their 1.0% rise previously. Released simultaneously, initial jobless claims (week of Jan. 9) rose to 444k, above calls for an increase to 437k from their revised 433k level the week before. However, continuing claims (week of Jan. 2) fell by more than expected: they dropped to 4596k from a revised 4807k the week before; economists expected a decline to only 4750k. In the aftermath of the mostly downbeat data, the euro climbed by 19 pips to $1.4519USD, before rapidly declining to pre-release levels.