Overall markets are quite mixed for now. While US indexes surged to new record highs overnight, positive sentiment was not carried forward to Asia. Major pairs and crosses are also stuck in range. It seems that traders and investors have turned into cautious mode, awaiting Fed's tapering decision. For now, Euro and Swiss Franc are the stronger ones for the week. Aussie and Kiwi are the weaker ones despite solid job data from New Zealand. The greenback is mixed, together with Yen and Canadian. Technically, Dollar's outlook is rather mixed for the moment. The fall in GBP/USD suggests that rebound from 1.3410 might have completed at 1.3833, as a corrective move. That aligns GBP/USD with EUR/USD's near term bearish outlook. But more downside is still in favor in USD/CHF with 0.9174 minor resistance holds. AUD/USD's pull back doesn't warrant near term reversal yet. USD/CAD also also struggling in tight range with bears bias. We'd be cautious in trading Dollar's post-FOMC reaction today, and pay attention to the bigger picture of all mostly traded pairs before making a judgement. In Asia, at the time of writing, Hong Kong HSI is down -0.91%. China Shanghai SSE is down -0.38%. Singapore Strait Times is down -0.37%. Japan is on holiday. Overnight, DOW rose 0.39%. S&P 500 rose 0.37%. NASDAQ rose 0.34%. 10-year yield dropped -0.026 to 1.549. | 