Dollar is trading mixed in early US session after weaker than expected retail sales data. The greenback is extending recent rally against Canadian, but pulls back against Australian. European majors are mixed while Yen is also trading a touch weaker. Other markets are quite too with Gold's selloff taking a breather at around 1770. Traders are holding their bets for now, awaiting FOMC decision on quickening the tapering pace, and new economic projections. Technically, we'd monitor the actions in EUR/USD, GBP/USD, USD/CHF and USD/JPY together to confirm the moves of each other. To be specific, the ranges to breakout from are 1.1185/1.3820 in EUR/USD, 1.3158/1.3351 in GBP/USD, 0.9156/0.9372 in USD/CHF and 112.52/115.51 in USD/JPY. In Europe, at the time of writing, FTSE is down -0.20%. DAX is up 0.39%. CAC is up 0.68%. Germany 10-year yield is up 0.0102 at -0.356. Earlier in Asia, Nikkei rose 0.10%. Hong Kong HSI dropped -0.91%. China Shanghai SSE dropped -0.38%. Japan 10-year JGB yield dropped -0.0010 to 0.049. |
