Oil tied CAD benefited from the Washington...>

DOLLAR: Oil tied CAD benefited from the Washington post source overnight that

suggested the US is preparing to announce that all Iranian oil importers will

have to end their imports in the short-term or be open to US sanctions. While

the Antipodeans sit bottom of the pile, registering modest losses.

- The dollar sits firmer on the session with the DXY remaining at elevated

levels, held to a narrow 97.35-43 range. Bulls need to clear the Apr 2 high of

97.51, before putting the focus back on triple top resistance at 97.71. While a

downside break of the 97 handle would see bears target the Apr 12 low & 100-dma

at 96.74/61.

- Having registered multi-month lows of $1271.26, Gold based around the 50%

retracement of the Nov - Feb rise & pivotal support off the Apr 11 2018 high.

Despite this, topside recoveries have so far been capped ahead of $1280.

- Both WTI & Crude sit firmer on the session, consolidating early gains.