Risk appetite overnight was aided by.........>

DOLLAR: Risk appetite overnight was aided by Brexit developments and renewed

optimism surrounding Sino-US trade relations. GBP sits top of the pile, while

the USD registers minor losses across the board.

- The DXY extended its downtrend for the second consecutive session, before

basing ahead of 97.00. A break opens a move toward 96.77/56 which represents the

50% retracement of 95.82-97.71 & 100-dma, below here opens a run at the Feb 28

low & 200-dma at 95.82/76.

- Topside gains in gold have so far been capped around the $1300 level with a

break and close above the 50-dma at $1303.29 needed to extend the uptrend. This

brings the 21-dma & 50% retracement of $1346.80-1280.94 back into view at

$1310.93/1313.87.

- WTI & Brent trade modestly above settlement levels, supported by risk on-flows

for a second consecutive Asia-Pacific session.

- Main highlight in the US today from CPI data at 1230GMT. According to the MNI

median the value for CPI is anticipated to increase to 0.2% whereas the number

for CPI excluding food and energy is not expected to change remaining at 0.2%.