Despite the release of soft US ISM mfg on....>

DOLLAR: Despite the release of soft US ISM mfg on Friday, the USD rallied late

in the session alongside US equities & UST yields to close near weekly highs

around 96.45. Fresh supply emerged at the Asia open following President Trump's

'greenback is too strong' tweet, but later caught a bid to settle near the peak

of its 96.33-46 range. The 100-dma comes in today at 96.47 with bulls looking

for a close above to improve the outlook. This brings the 50% retracement level

of 97.36-95.82 & Feb 25 high back into view at 96.59/60, ahead of the 61.8% fibo

& Feb 22 high at 96.77/78. Bears need to clear Friday's low at 95.82, before

challenging the 200-dma at 95.67.

- Gold witnessed a sharp $25 pullback on Friday through $1300 to $1290.24. The

yellow metal staged a minor recovery above $1297 at the Asia crossover, but has

since pared light gains. On the downside, double-bottom support is seen at

$1276.80/90, a break opens the 38.2% retracement of $1160.39-1346.80 at

$1275.59, ahead of the 100-dma at $1265.94.

- WTI & Brent have added around $0.25 at writing after Friday's sell off, aided

by broader risk-on flows.