DXY has added 10 pips, last seen at 96.10....>

DOLLAR: DXY has added 10 pips, last seen at 96.10 after slipping 41 pips

yesterday, as U.S. housing starts heavily missed expectations, while a notable

decline in USD strength was observed around the 1600GMT London fix.

- WTI trades ~$0.50 higher, gold is virtually unch. at writing.

- Fed Chair Powell delivered the first part of his semi-annual address to

Congress yesterday, offering little new, as he reiterated that the Fed's shift

to a more neutral/patient stance on MonPol, adding that the Fed will consider a

price-level targeting framework as a way to make its 2% inflation target "highly

credible." Powell also noted "crosscurrents and conflicting signals" faced by

the otherwise "healthy" U.S. econ. Powell's testimony will resume later today.

- Bears look for a fall below 95.95, where the index bottomed yesterday, which

would allow them to target 95.64, which represents the 200-DMA. Conversely,

bulls look to the 50-DMA at 96.26, situated ahead of the 21-DMA at 96.39.

- U.S. focus today turns to domestic factory orders, durable goods orders (f) &

remarks from Fed Chair Powell, with one eye also on the summit between U.S.

President Trump & North Korean Supreme Leader Kim.