The dollar witnessed a mixed session.........>

DOLLAR: The dollar witnessed a mixed session overnight. The release of solid

China GDP, Retail Sales & IP data triggered fresh risk, AUD sits top of the pile

having cleared its 100-dma to $0.7035, while JPY registered losses of 0.11%.

- DXY closed below the 97.00 level on Friday and with topside gains limited,

remained in a tight 96.78-89 Asia range. The 100-dma (96.78) provides key

support today, below here opens the 50% fibo of the Jun-Jul rally at 96.50.

- Friday's recovery in gold topped out at $1420 with the subsequent retracement

extending through Asia to $1409.54. Above $1400 keeps the outright bullish trend

intact, below returns focus to the Jul 1 low at $1381.90. The Jul 11 high

provides near-term resistance at $1427.23, ahead of the ytd high at $1439.21.

- UST yields improved but are off last weeks highs, the 10y currently at

2.1219%, while WTI & Brent sit towards the base of their respective 50 pip

ranges.

- Empire mfg the main data release at 1230GMT. The index plummeted by 26.4

points to -8.6 in June which is the largest monthly contraction on record.

Moreover, it is the first negative reading in more than two years.