The US Dollar took four months to wipe out 50% of a trend that took almost two years to build, but prices has been lodged at that half-way point now for two weeks. That will probably change next week.

FTSE and Dax have remained steady, driving prices into clear ranges of support and resistance. While prices look for direction, technical levels hold firm.

US data continues to remain resilient with the Fed meeting now firmly in focus. Slowest PCE increase in 14 months.

GBP/USD has attempted to trade above the 1.2445 level on a number of occasions now without success and has consolidated into a narrow range. FOMC and BoE next week

EUR/USD bears may look to capitalize on any U.S. positivity on what has been an overcrowded bullish sentiment of recent.

Inflation in Japan’s capital Tokyo continued to climb, data showed last night, underpinning the Yen ahead of the release of the Federal Reserve’s preferred measure of US inflation, core PCE