Dow Jones Gains on Strong US Retail Sales as Netflix Earnings Loom

The Dow Jones Industrial Average has posted gains following stronger-than-expected US retail sales data, bolstering confidence in consumer spending resilience. The upbeat economic release has provided support for risk assets while creating mixed signals for forex markets. EUR/USD and GBP/USD showed varied reactions as traders balanced dollar-positive economic strength against risk-on sentiment that typically weighs on the safe-haven currency. The FTSE 100 also participated in the global equity rally, reflecting improved market sentiment. Attention now turns to Netflix earnings after the bell, which could influence tech sector sentiment and broader market direction. For forex traders, the retail sales strength reinforces the Federal Reserve's hawkish stance, potentially supporting the dollar in the medium term. However, immediate currency movements remain subdued as markets await additional catalysts and corporate earnings results.