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The dollar holds firm at the European........>

DOLLAR
DOLLAR: The dollar holds firm at the European crossover which has seen USDJPY
move through the 100 & 200-dma's to Y111.64. GBP underperformed with traders
reporting of profit take sales which took cable back under $1.33, while AUD also
drifted towards $0.7050.
- The DXY will be looking to snap its 4-day losing streak today, the index
touched pullback lows of 96.38 yesterday, before dip buyers emerged to rest on
the 100-dma (96.56) at the close. The firmer USD through Asia improved to 96.68
and consolidates into Europe. The 21-dma provides near-term resistance at 96.71,
a break opens a move towards the 97.00.00/05 area which holds a series of
previous highs & the 50% fibo of 97.71-96.38.
- Gold moved through previous broken channel top resistance yesterday, before
topping out around $1311. Broad dollar demand has seen a minor retracement
through Asia, touching pullback lows of $1302.78. A break back under $1300 opens
the 50% retracement level of $1280.94-1311.33 at $1296.14.
- WTI has added $0.15, as Brent sits $0.20 better off, with both crude metrics
flirting with their Ytd highs.

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