The dollar garnered support post Fed.........>

DOLLAR: The dollar garnered support post Fed minutes which reaffirmed its

patient stance on interest rates. The DXY traded back above the 98.00 level

where it consolidated ahead of the close. Gains extended through Asia to 98.15

with topside focus on a break of the double-top resistance area at 98.30/35.

Bears need a break back under 98, before challenging the May 21 low & 21-dma at

97.82/74, below here opens the 50-dma & up trendline support off the Apr lows at

97.32/27.

- Gold remains locked in narrow range trade with near-term support at $1269.58

from the May 21 low, below here opens the May 3 low at $1268.68, ahead of the

200-dma at $1258.92.

- WTI & Brent trade around $0.40 lower than their respective settlement levels

at writing.

- Busier schedule on today's calendar with data release from Jobless Claims,

mfg/svcs PMI & New Home Sales. The level of US initial jobless claims is

expected to rise by 3,000 to 215,000 in the May 18 survey week after falling by

16,000 to 212,000 in the previous week. Fed speeches also from Daly & Kaplan.