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OPTIONS

Expiries for Jun18 NY cut 1000ET (Source DTCC)

SHORT-STERLING OPTIONS

More Sterling downside

US TSY OPTIONS

Midmorning Vol Sale

US EURODLR OPTIONS

BLOCK, Call Spd Sale

DOLLAR
DOLLAR: DXY last sits at 96.61, virtually unch. on the day, in the wake of
comments from Fed's dovish voter Bullard, who noted a weakening feedback from
outperforming labour mkt to inflation & suggested that the Fed is likely to miss
its inflation target to the downside in the next 5 years. 
- WTI & gold both trade flat at writing. 
- The dollar index added 12 pips yesterday, supported by struggling EUR. Worth
reminding that yesterday a top U.S. econ adviser Kudlow played down the
possibility of a Sino-U.S. trade deal being struck in the near future, while
U.S. President Trump said that he will not be meeting Chinese President Xi
before the March 1 tariff deadline. 
- DXY bulls look to yesterday's peak at 96.67 and a break above would allow them
to target 96.91, which represents the 1.0% 10-DMA envelope. Meanwhile, bears
look for a fall through yesterday's low/50-DMA at 96.38/37, followed by the
100-DMA at 96.24. 
- U.S. focus today turns to remarks from Fed's Daly.