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Soft US jobs data on Friday pressured the....>

DOLLAR
DOLLAR: Soft US jobs data on Friday pressured the DXY to extended react lows of
96.45, before marginally closing above the 200-dma (not closed under since Mar
20). Recovery efforts extended through Asia, underpinned by the Bullish Harami
candle to hold 96.80/85 at the European crossover. Bulls need to clear the
100-dma (97.01) to build on recent momentum, above here opens the 97.35/45 area
which holds a series of previous highs & 50% retracement of 98.37-96.45. Bears
look to clear the 200-dma at 96.54 to extend the downtrend towards the Mar 22
low at 96.21.
- Gold peaked at multi-month highs of $1348.31 on Friday, before a minor
retracement closed around $1340. The downtrend extended through Asia/Europe to
hold at the base of its $14 range, last $1326.30. Near-term support at $1320.05
from the Jun 4 low, below here opens the 38.2% retracement of the June rally at
$1317.01.
- WTI & Brent sit around $0.30 higher than their respective settlement levels.
- Quiet on the US calendar today with main highlight from Jolts data at 1400GMT.
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