It has been a quiet start to what could be...>

DOLLAR: It has been a quiet start to what could be a very busy week for the

dollar. The Fed meet with their decision due on Wednesday (just a reminder there

will be a press conference with every Fed decision going forward). Markets are

no longer looking for cuts in 2019, but there is only a small chance of a hike

priced in for this year so it will be interesting to see how the Fed alter their

language off the back of a number of Fed members making more dovish speeches

recently. The dollar remains on the backfoot this morning following the WSJ

article on Friday which discussed an early end to balance sheet unwinding.

- The labour market report and ISM are both due to be released on Friday and the

US government has temporarily reopened. However, at the time of writing it

remains unclear what other data will be released this week, with GDP originally

scheduled for a Wednesday release.

- In the Asian session, the DXY index found some support at the 23.6%

retracement of 95.029-97.711. A break below here would open up initially a move

to 95.500 before the YTD lows of 95.029 come into focus. To the topside, the

38.2% Fibo and 100-dma provide near-term resistance at 96.054/119.