Dollar is trying to recover in early US session but upside is limited so far. Overall market sentiments stabilized as US stocks might have regained footing for another take on new records. Also, traders are turning a little bit more cautious ahead of FOMC statement and press conference. Overall picture for the week is unchanged for now, as European majors and Yen are the better performers while commodity currencies are the weaker ones. Technically, we'd pay much attention to Dollar pairs' development to gauge the reaction to FOMC. For Dollar weakness, GBP/USD will need to break through 1.3908 resistance while EUR/USD should break 1.1880 resistance too. As for Dollar strength, USD/JPY will need to break 110.58 resistance while EUR/USD should break 1.1751 low. Gold is also a gauge as it needs to break through 1791.45 support firmly to indicate Dollar buying. In Europe, at the time of writing, FTSE is up 0.11%. DAX is up 0.20%. CAC is up 0.76%. Germany 10-year yield is up 0.0005 at -0.439. Earlier in Asia, Nikkei dropped -1.39%. Hong Kong HSI rose 1.54%. China Shanghai SSE dropped -0.58%. Singapore Strait Times rose 0.09%. Japan 10-year JGB yield dropped -0.0039 to 0.016. | 