Today weakness of the European economic data poised weakness of the base over the USA.

The market did not give powerful arguments for the beginning serious game for euro and dollar  bulls.

Over Germany: Retails showed drop in July in comparison with data for the last month. In June sales were up 0,7 % concerning May, instead of expected 1,3 %, for last 12 months sales fell by 0,8 %. May indicators were revised up to -2,5 % m/m from -1,8 % m/m originally and up to -4,2 % y/y from -3,7 %.

According to German office of statistics decrease in sales was observed on food and production of light industry.

Over France: the index of consumer sentiment in July in France fell to -15 from -12 in June, according to the monthly report of institute of statistics Insee. Economists forecast that the index would remain without changes -12.

The index represents balance of a percentage ratio between expecting improvement of life conditions and those who predicts deterioration.

The index of estimation of the last financial situation in July was -14 from -11 a month earlier, the forecast of the personal finance dipped to -1 from +3.

Life conditions in past are estimated  -45 as well as in June, the forecast of living conditions made -9 against -3. An estimation of a situation from the point of view of purchases favor -4 against -6 in June.

Over the USA: Chicago PMI demonstrated reduction, the index dropped to 53,4 points in July, against June indicator of 60,2 points. It was even below predicted value of 58.5.

Data on personal incomes and consumption were also weak. Personal incomes in June grew by 0,4 % m/m, the level of personal consumption increased by 0,1 % m/m, the US Department of Commerce informed. Growth of expenses by 0,1 % in June, minimal since September, 2006. Economists predicted growth of incomes by 0,5 %, and expenses - by 0,2 %. Charges on durable goods calculated at least for three-year service life, in June decreased by 1,6 % after rise by 1,6 % the last month. Charges on nondurable goods in June remained at a former level after growth by 1,4 % in May.

As a result dollar and the euro positions have not changed practically. While we are off the market.