US dollar extended its bearish momentum but is now looking oversold. EUR bearish trend may however have room for a catch-up as ECB pricing is slipping dovish and EUR crosses against JPY, CHF, AUD, NZD could have room to adjust. Focus turns to RBA meeting this week where a hawkish hold could propel AUD further, and US jobs reports that could further weigh on USD. {chart} Gold outperformed last week by a huge margin as Treasury yields slipped. Other rate-sensitive FX such as JPY and CHF also gained strongly along with NZD after RBNZ's hawkish hold standing in wide contrast to increasingly dovish bets for Fed and ECB. (full story)