Risk sentiment improved overnight............>

DOLLAR: Risk sentiment improved overnight following President Trump's trade

talks will be 'successful' tweets. JPY sits bottom of the G10 pile, while the

USD has registered modest gains across the board.

- The DXY touched three-week lows of 97.02 yesterday, before paring losses

around the NY close. Consolidation has largely remained the theme through Asia

to hold in the middle of its very narrow 97.27-35 range. Support remains on

approach to the 97.00 level, with a break here needed to challenge the 100-dma

at 96.72. Bulls need to clear 97.70/80 (Series of previous highs), before

challenging a break of the 98 level & ytd high at 98.33.

- Gold's break of $1300 further extended to $1303.41 overnight, before fading.

Bulls will take comfort from yesterday's close above the 50 & 100-dma's,

targeting a move towards $1306.58 which represents the 50% retracement of the

Feb - May fall.

- WTI & Brent remain at elevated levels following Trump's latest trade remarks.

- Import/Export data the main US release today. NY Fed Williams and Kansas Fed's

George are also scheduled to speak today.