Volumes remained light overnight with FX.....>

DOLLAR: Volumes remained light overnight with FX major currency pairs tied to

narrow range trade. The dollar witnessed a mixed session, registering gains

against SEK & JPY, losses via AUD & GBP.

- The DXY touched pullback lows of 96.85 yesterday, before reclaiming 97 at the

close. Recovery efforts remained shallow through Asia, last at 97.03. Downside

focus remains on the 50% retracement of 95.76-97.51 & 100-dma at 96.64/60, below

here opens up trendline support off the Apr 17 2018 low at 96.49. Bulls need to

clear the 97.30-50 zone, before challenging triple-top resistance at 97.71.

- Gold drifted in early Asia, touched pullback lows of $1301.26, before settling

around the $1303 level. Consolidation above the 50-dma ($1307.65) is required to

re-ignite upside momentum, returning the focus to the Mar 28 high & down

trendline resistance at $1312.35/88.

- Oil futures remained at elevated levels, just off recent multi-month highs.

- ECB rate meeting and press conference main focus today. US CPI is released at

1230GMT, CPI is expected to rise by 0.4% in March after a 0.2% gain in the

previous month. FOMC minutes follow at 1800GMT.