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The dollar holds firm across most of G10 &...>

DOLLAR
DOLLAR: The dollar holds firm across most of G10 & EM FX in early Europe with
focus on today's US jobs report for direction.
- The DXY traded under but failed to close below the 100-dma yesterday, this
comes in today at 97.01. The Jun 5 low provides near-term support at 96.74 which
also co-insides with the 61.8% retracement of the Mar-Apr rise. Bulls need to
recover the 97.35/40 area, before challenging the 50-dma at 97.51.
- Gold remains at elevated levels with the metal basing ahead of $1330 in early
Europe. The 50% fibo of $1344.16-1330.34 provides initial resistance at
$1337.25, ahead of the Jun 6 high at $1339.85.

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