The DXY briefly traded above the 97 level....>

DOLLAR: The DXY briefly traded above the 97 level yesterday, before reported USD

investor selling after the US called for a stable CNY as part of trade talks,

pressured to 96.42 ahead of the close. The index has witnessed a relatively

tight 15 pip range overnight with recovery efforts holding shallow. This brings

the 55 & 100-dma's at 96.40 into view, a close below here opens 96.26 which

represents the 50% retracement of 95.16-97.36.

- Gold rallied to fresh 10-month highs of $1346.80 overnight, underpinned by a

softer USD and lower yields. Bulls now look for a close above the $1350 level to

bring the Apr 14 2018 high into focus at $1365.22.

- WTI & Brent consolidate in the middle of their respective 60 pip ranges.

- The FOMC minutes will be closely watched today at 1900GMT for further clues as

to their thinking. As a reminder the lockup to the release has been cancelled

due to a severe snow storm in the Washington area. The minutes will now be

released online and there will be a delay on Mainwire and bullets due to the

live release.