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Risk-on flows overnight with the S&P 500.....>

DOLLAR
DOLLAR: Risk-on flows overnight with the S&P 500 futures breaching yesterday's
high, saw the dollar weaker across the board. The DXY rallied to 96.67 yesterday
and closed above the 50-dma, but was unable to extend the move, drifting through
Asia held to a narrow 96.35-52 range. Downside focus remains on the 96.00/10
area which holds key support from the 100-dma & a series of previous lows. A
break here opens 95.75 which represents the 50% retracement of 95.02-96.48,
ahead of the Jan 15 low & 76.4% fibo at 95.46/36. Bulls need a positive weekly
close above the 50-dma to build on recent momentum, before challenging the ytd
high at 96.95. Gold largely remains held to a $1278-1285 range with a breakout
needed for clearer direction. Previous broken channel top resistance comes in
today at $1286.65. Oil futures firmed overnight on the broader risk tone and sit
toward the upper-end of their respective ranges. Reminder today that US Durable
Goods & New Home Sales are postponed by the government shutdown. 
MarketsForeign Exchange Bullets
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