The dollar outperformed post ECB.............>

DOLLAR: The dollar outperformed post ECB yesterday, EUR traded under $1.12 for

the first time since June 2017, while the DXY rallied to highs of 97.71.

- JPY outperformed overnight amid the backdrop of risk averse markets with sharp

falls seen in Chinese equities. USDJPY took out the 100 & 200-dma's with the

downtrend extending through Y111.00. EURJPY has seen a +200 pip fall post ECB to

Y124.31.

- Having stalled at the Dec 14 high (97.71) yesterday, the DXY has witnessed a

minor retracement toward 97.40. A topside break opens the Jun 20 2017 high at

97.87, expect protection behind on approach to the 98 level (97.98 - 61.8%

103.82-88.54).

- Gold touched pullbacks lows of $1280.94 yesterday, but has since rallied +$8

to $1293.52. Topside focus turns to the 55 & 50-dma's at $1299.92/1302.69.

- Oil futures hold toward the lower end of their respective 30 pip ranges.

- Main focus today on the US jobs report (1230GMT), housing starts & building

permits also due. The US unemployment rate for January was 4% and the MNI median

suggests a slight decrease to 3.9%.