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

DOLLAR: The dollar sits mixed at the European crossover, safe haven demand after

the Trump-Kim 'no agreement' headlines has seen USD & CHF sit top of G10.

- The DXY briefly traded under 96.00 yesterday, before a sharp move higher in

UST yields aided the recovery to close in NY at 96.15. A quiet overnight session

has seen the index consolidate in a narrow 8 pip range. A downside break of 96

would see bears target the 200-dma & 76.4% fibo of 95.02-97.36 at 95.65/57,

below here opens the ytd low at 95.02. Bulls need to clear the 100-dma at 96.44

to reignite the uptrend.

- Gold took out the 21-dma to $1317.30, but has since pared Asia losses to hold

either side of $1320. Support is seen at $1312.94 from the 76.4% retracement of

$1302.48-1346.80, expect demand behind on approach to $1300/1305 (50-dma

$1300.50).

- WTI and Brent have lost a few cents apiece overnight, with the benchmarks

operating in tight ranges thus far.

- Bank month-end models suggest stronger USD sales for today's fixings, while

the usual SOMA operations are very small with $6.8bn rolling off.