The dollar sits mixed at the European........>

DOLLAR: The dollar sits mixed at the European crossover, registering modest

gains against AUD, NOK, SEK and losses via GBP after various source reports that

UK PM May will propose a move to rule out a no-deal Brexit.

- The DXY closed below its 100-dma (96.43) yesterday, extending the downtrend

through Asia to 96.31. The 50-dma comes in today at 96.28, expect demand behind

here on approach to the 96 level, ahead of the 200-dma at 95.63. Topside

resistance remains at 96.77/89 from the 61.8%/76.4% retracements of 97.08-96.28.

- Gold holds toward the lower end of its $1326.76-1330.25 range, looking for

direction. The 61.8% retracement of $1302.48-1346.80 is acting as support at

$1319.41, ahead of the 21-dma at $1319.28.

- WTI & Brent eased overnight with modest pressure creeping in on the back of

broader risk-off flows & extended react to President Trump's tweet on high crude

prices. We put out an analysis email yesterday suggesting bullish exhaustion is

setting in and could see a retracement lower. (See - MNI Analysis - A Brent Too

Far). Yesterday's close below the 100-dma at $65.15 brings up trendline support

off the Dec lows into view at $64.32.