Release of decent revisions in US Retail......>

FOREX: Release of decent revisions in US Retail Sales data overshadowed the

slight miss in the headline number and prompted a strong general USD rally

through the US session Friday. EUR/USD cleared supports at $1.1270 and $1.1250

and was pressing on the 55-dma and 50-dma levels of $1.1220-21 respectively

ahead of the close. USD/JPY again met stiff resistance as it edged to Y108.50

but underlying demand kept it buoyed in late trade. AUD/USD cleared reported

support between $0.6900-0.6890 though held off a challenge of key support at

$0.6865. Cable posted a fresh June low of $1.2596 and was seen struggling to

reclaim $1.26 in late trade. USD/CAD broke its 100-dma at C$1.3350 and looks set

to finish the week above. 

USD move was seen driven by the ongoing risk-off tone, added to by Thursday's

reported attack on two oil tankers off Oman, the boost in oil prices placing

further pressure on global growth. Global equity futures seen in the red, with

Gold off best levels but retains an underlying buoyant tone. 

- Central banks take centre stage next week led by FOMC, ECB annual Sintra

conference, BOE, Norges Bank and the BOJ.