European session: market waits for USA data.[M]

The next data issued:
08:30 Britain, Retail sales (April) 0.6% 0.4% 0.9 (0.7)%
08:30 Britain, Retail sales (April), y/y 3.0% - 2.8 (2.6)%

Nervousness still persists on Forex after yesterday CPI report (CPI m/m диаграмма CPI core диаграмма). Analysts forecasted FED will not increase rate in June and leave rate on 5.0%. (Federal Funds 25 years диаграмма Federal Funds 50 years диаграмма).
Among the data published today there were Britain report on retail sales. According to statistics the sales has grown up 0.6% m/m although 0.4% forecasted. Annul number has increase 3.0% against 2.6% in previous month. Data supported GBP.

EUR/USD opened on $1.2875. Sales furthered to rate decrease to $1.2745. Model fund demand allowed to test offers in area $1.2770/80, however next orders on $1.2800/10 were strong enough and restrained attempts of rate growth. Bids on $1.2800/10, larger on $1.2825/40. Bids on $1.2735/25.
GBP/USD began from mark $1.8832. Supported by retail sales data GBP rallied to session maximum on $1.8908, after returned back to $1.8880. Offers on $1.8900/10, $1.8930, $1.8950. Bids on $1.8850.
USD/JPY began on Y110.70. In the beginning rate has grown to Y110.88, where exporters limited USD growth. After USD showed minimum on Y110.56. Bids on Y110.60/45. Offers on Y111.00, Y111.20/30.

US Jobless Claims is expected as it traditionally taken place. Also today will be published Leading indicators, Philly Fed index (Philly Fed index диаграмма). Announcement Ben Bernanke on bank structure system and competition conference is expected. Also, FED officials: Kevin Warsh, Michael Moskow, President Jeffrey Lacker, Jack Guynn и William Poole. Guynn, Lacker и Warsh take part in rate decision.