The forex markets are generally staying inside yesterday's range so far today. Stocks in Europe and US futures are recovering while treasury yields retreat. Traders are clearly turning cautious ahead of FOMC rate decision. The question is whether Fed would deliver 75bps hike as markets priced in, or stick to its 50bps per meeting plan. Euro's recovery attempt was brief as ECB delivered nothing special after the ad hoc meeting on fragmentation. Technically, focuses remain on some levels to confirm Dollar's underlying strength, if it attempts to rally after FOMC. The levels include 1.0348 in EUR/USD, 0.6828 support in AUD/USD, 1.0063 resistance in USD/CHF and 1.3075 resistance in USD/CAD. In Europe, at the time of writing, FTSE is up 0.99%. DAX is up 0.97%. CAC is up 0.78%. Germany 10-yaer yield is down -0.132 at 1.620. Earlier in Asia, Nikkei dropped -1.14%. Hong Kong HSI rose 1.14%. China Shanghai SSE rose 0.50%. Singapore Strait Times dropped -0.10%. Japan 10-year JGB yield dropped -0.0008 to 0.256. | 