Advance retail sales in the world’s largest economy rose 0.8 percent in November after climbing a revised 0.8 percent the month prior, while retail sales less autos jumped 1.2 percent to mark the highest level since March. Subsequent to the report, the dollar rallied across most of its major counterparts, but the advance was short-lived as traders shift their focus to the FOMC rate decision.

Taking a look at the breakdown of the report, growth was led by apparel stores, gas stations,...

Talking Points

* British Pound: Housing Troubles Weighing
* Japanese Yen: Weighed By Risk Appetite
* Euro: Finding Bid on Broader Optimism, German Support
* U.S. Dollar: At Mercy of Broader Trends as Traders Eye FOMC Meeting

The People’s Bank of China refraining from tightening rates and the expected approval of U.S. tax cuts have fostered a return of risk appetite and helped the Euro looking to erase Friday’s losses. An empty economic...

Talking Points

* British Pound: BoE Maintains Policy
* Euro: ECB Says Rates 'Appropriate'
* Japanese Yen: Gains Ground As Risk Falters
* U.S. Dollar: Risk To Dictate Price Action


The British Pound bounced back from a low of 1.5732 during the European trade as the Bank of England maintained its current policy in December, and the GBP/USD may continue to pare the overnight decline throughout the North American session as investors...

Talking Points

* Japanese Yen: Weighed By Rebound In Risk Appetite
* British Pound: Halts Longest Losing Streak Since 2008
* Euro: Germany Retail Sales Jumps in October
* U.S. Dollar: ISM Manufacturing, Fed’s Beige Book on Tap

The Euro advanced to a high of 1.3135 on speculation that the European Central Bank will expand its asset purchase program in order to stem the risks for contagion, and the single-currency may continue to recoup...

Talking Points

* Japanese Yen: Mixed Across the Board
* British Pound: U.K. Raises 2010 GDP, Cuts 2011 Growth Forecast
* Euro: EU Maintains Growth Projection For 2010, 2011
* U.S. Dollar: Dallas Fed Manufacturing on Tap

The U.S. dollar advanced against its major counterparts during the overnight session, and the near-term rally in the greenback may pick up pace going into the North American trade as fears surrounding the European...