Dollar Mixed after Weak Retail Sales, Fed Next

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.

• US retail sales rose 0.3% mom in Nov ex-auto sales up...
• UK CPI rose to 5.1% yoy in Nov, highest since 2011
• Fed to speed up tapering, publish new dot plot
• China industrial production rose 3.8% yoy in Nov, retail sales rose...
• Australia Westpac consumer sentiment dropped to 104.3, different responses between states
• BoJ Kuroda: Consumer inflation will approach target through various channels

Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9206; (P) 0.9225; (R1) 0.9262; More....

Outlook in USD/CHF remains unchanged as range trading continues. Intraday bias stays neutral. On the upside, break of 0.9274 will suggest that the pull back from 0.9372 is finished. Intraday bias will be turned back to the upside for 0.9372. On the downside, below 0.9156 will target 0.9084 support. Firm break there should confirm that choppy rise from 0.8925 has completed, and suggests that fall from 0.9471 is resuming. Deeper decline would be seen through 0.8925.

EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD

EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY

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