DXY is little changed at 97.78, WTI trades...>

DOLLAR: DXY is little changed at 97.78, WTI trades flat, gold has added ~$2.5.

- The dollar index seesawed yesterday, with the moves driven by the ECB MonPol

decision and U.S. data. The ECB stood pat on policy settings this time, but

signalled that further easing is nigh, by revising its guidance and pointing to

the potential for QE and rate tiering. DXY posted a downleg before shooting

higher, but eased off as ECB Pres Draghi's presser was deemed less dovish than

the Bank's statement. Another rally occurred through the WMR fix as investors

turned focus to particularly upbeat durable good orders print in the U.S.

- DXY's upswings were capped at 97.92 yesterday, the upper Bollinger band (2%).

A break above would support the bullish case, opening the 98.00 mark. Bears look

for a retreat towards the trendline resistance-turned-support at 97.28. Traders

are reminded that the 50-DMA recently crossed below the 100-DMA.

- In geopolitical news, Iran & N. Korea test-fired ballistic missiles.

- China rejected FedEx's claim that it mishandled parcels sent by Huawei,

accusing the company of trying to stall ~100 such parcels from entering China.

- U.S. focus today turns to advance Q2 GDP data for Q2.