Source: ForexYard EUR Pressured by Weakening European Bond Markets Sentiment in Europe is deteriorating as the pressure remains on Spanish and Italian bonds. Both the USD and German bunds are outperforming in this type of trading environment while commodities are generally lower. Crude oil is the lone exception as the price is testing the psychological $100 level. Economic News USD – US Economy Continues to Show Improvement Data released yesterday shows the US economy continues to recover. Retail sales numbers climbed by 0.5% on consensus forecasts of 0.3%. Also positive for the US economy, core retail sales climbed by 0.6% in October, above analyst forecasts of 0.5%. The Empire State Manufacturing survey was also stronger and suggests further . . . → Read More: EUR Pressured by Weakening European Bond Markets