The Antipodeans were the main focus..........>

DOLLAR: The Antipodeans were the main focus overnight following dovish rhetoric

from the RBA/RBNZ. AUDUSD based ahead of the 100-dma ($0.7138), before settling

around the $0.7150 area. While the dollar registered modest gains across G10. 

- The DXY briefly made a show above 97, before drifting back into the range.

This keeps the recent downtrend intact with near-term support at 96.64/60 from

the 50% retracement level of 95.76-97.51 & 100-dma.

- Gold closed below the 100-dma yesterday for the first time since November. The

downtrend extended through Asia and holds toward the base of its

$1283.80-1288.80 range. This brings the double-bottom support area into view at

$1280.90/95, with a break here needed to open the channel base at $1276.39,

ahead of pivotal support at $1272.00.

- Brent & Crude hold toward the base of their respective narrow ranges.

- US Industrial Production the main highlight today (1315GMT). Expectations are

for it to rise by 0.2% in March after a modest 0.1% increase in January. The ISM

production index rose to 55.8 in the current month from 54.8 in the previous

month.