GBP/USD dissolved earlier in the session as woeful UK retail sales figures and a robust US dollar sent cable spiraling to a new multi-decade low.

U.S. consumer sentiment extended its recovery in September, likely bolstered by falling gas prices, but the improvement is failing to boost risk appetite ahead of the Fed decision next week.

WTI Prices could see a rebound heading into the FOMC meeting while demand concerns and persistent US dollar strength could cap gains.

The Euro is facing a range of central bank headwinds next week with the FOMC rate decision the most significant. Parity may soon turn into stiff resistance for EUR/USD.

The pound struggles to halt recent selling ahead of a week dominated by major central bank meetings. Institutional sentiment reveals continued bearish GBP bets

A beleaguered Aussie manages to keep its head above water on the back of Chinese data this morning, while AUD/USD tests the 0.67 support zone.

It will likely prove difficult to spur the S&P 500 or other distinctly ‘risk’ oriented benchmarks to a serious run until the Fed decides on whether to hike 100bps next week. Yet, that doesn’t mean the market is relegated to quiet until then. Gold and USDCNH have broken key technical levels with data including UofM sentiment ahead.

Crude oil and gold prices fell sharply on Thursday as solid US economic data bolstered the case for a hawkish Fed. Heading into the weekend, traders are eyeing University of Michigan Sentiment.

USD/CAD may push towards the November 2020 high (1.3371) as the exchange rate clears the opening range for September.