The DXY squeezed through the 100-dma.........>

DOLLAR: The DXY squeezed through the 100-dma (96.04) to 96.26 yesterday, before

drifting back under 96 at the close. Another test of the 100-dma overnight

failed to break, with the index peaking at 96.03 to hold in a very narrow 14 pip

range. Near-term resistance is seen at 96.37 which represents the 50%

retracement of 97.71-95.02, a break opens the 50-dma at 96.65 ahead of a run at

the 97 level (96.95 - Jan 2 high). Bears continue to look for a downside break

of the 200-dma at 94.98 to regain control. Gold holds toward the upper end of

its $1288.42-1292.77 range, last $1291.15. Topside focus remains on the Jan 4

high at $1298.60, ahead of the key $1300 pivot level. JPY is the main

outperformer at the European crossover with gains of 0.17% against the dollar,

last Y108.50. A reminder today that US Retail Sales data is postponed by the

government shutdown.