The DXY extended its run of losses for a.....>

DOLLAR: The DXY extended its run of losses for a fourth consecutive session

yesterday to close under the 96 level for the first time in three months. The

downtrend extended through Asia to 95.84, before support from the 76.4%

retracement (95.81) of the Jan-May rally cushioned at the European crossover.

The 95.80/85 level is starting to grow in importance having registered a series

of previous lows.

- Gold registered an important technical development, closing above the $1400

level for the first time since Sep 2013. The yellow metal rallied to multi-year

highs of $1439.21, before quickly fading amid thin volatile trading conditions.

Technical indicators are looking extremely stretched which could see a sharp

retracement. Last $1428.50.

- 10y UST yields trade either side of 2.00% with recovery efforts holding

shallow. Bears focus on recent cycle lows at 1.9719% to extend the downtrend.

- WTI & Brent trade around $0.50 lower apiece at writing, hampered by a heavy

session for Chinese equities.