Trading is generally subdued in the markets today. European indices are stuck in very tight range while US futures point to slightly higher open. Both gold and oil are bounded in consolidative trading. Bitcoin was short to new record high but quickly reversed. In the currency markets, New Zealand and Canadian Dollar are the strongest ones so far, but Aussie is the weakest. Euro and Yen are also next weakest for now. Traders seem to be holding their hands ahead of FOMC rate decision and press conference on Wednesday. The clearly movements are seen in Canadian crosses for now, with CAD/JPY extending recent rally while EUR/CAD continuing near term fall. On development to note is that the Loonie is clearly outperforming Aussie for now. AUD/CAD's decline from 0.9988 resumes today. Outlook will stay bearish as long as 0.9795 resistance holds. AUD/CAD should target 38.2% retracement of 0.8058 to 0.9988 at 0.9251, to complete the correction. In Europe, currently, FTSE is up 0.08%. DAX is up 0.07%. CAC is up 0.16%. Germany 10-year yield is down -0.0033 at -0.305. Earlier in Asia, Nikkei rose 0.17%. Hong Kong HSI rose 0.33%. China Shanghai SSE dropped -0.96%. Singapore Strait Times rose 0.35%. Japan 10-year JGB yield dropped -0.0043 to 0.109. | 