USD: In the red going into the European session.

• The Dollar was trading in the red Overnight against G10s, report on Friday of a Positive Phone call between Trump and Xi Jinpin has eased tensions.
• The Kiwi and the SEK were and still are the best early performer as Europe joins the Session.
• NZDUSD is sup 0.39% but didn't quite managed to break Friday's high at 0.5616, only printed a 0.5614 high, as such, the cross still trades within last Week's ranges.
• The SEK is up 0.35% against the Greenback, but similar to other G10 Currencies, USDSEK is well within Friday's 8 big figures range.

• RES 4: $2762.3 - High Nov 1  
• RES 3: $2730.4 - 76.4% retracement of the Oct 31 - Nov 14 bear leg
• RES 2: $2726.2 - High Dec 12 and a key short-term resistance     
• RES 1: $2724.8 - High Jan 16      
• PRICE: $2706.3 @ 07:21 GMT Jan 20
• SUP 1: $2651.2 - 50-day EMA   
• SUP 2: $2596.2/2583.6 - Low Dec 30 / 19
• SUP 3: $2564.4 - Low Nov 18 
• SUP 4: $2536.9 - Low Nov 14 and a key support 

The recent climb in Gold appears corrective - for now. However, the yellow metal continues to hold on to its latest gains and scope is seen for a continuation higher near-term. The stronger recovery exposes $2726.2, the Dec 12 high and an important resistance. Clearance of this level would be a bullish development. On the downside, a reversal lower would expose $2583.6, the Dec 19 low. Initial support is at $2649.0, the 50-day EMA.

• A tight 17 ticks range for Bund Overnight, the US are out for MLK day and Trump's inauguration.
• While the contract is showing slightly in the red, it remains closer to Friday's high, where the initial resistance will be seen.
• The 131.97 high on Friday was also close to the 2.50% level in Yield terms.
• Initial small support comes at 131.50, Friday's low.
• The German PPI came below expectation on the Cash open, but was only worth a 8 ticks gain for the Bund, and there's no Data left for today's session.
• SPEAKERS: ECB Vujcic, Holzmann, Trump's Inauguration should start before noon Local time.