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

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

narrow range trade. CAD & AUD underperformed with losses across the board, while

GBP barely budged after the UK and EU agreed a Brexit extension until Oct 31.

- The DXY touched post ECB recovery highs of 97.21 yesterday, but quickly faded

the move. Recovery efforts have so far remained shallow with the index holding

toward the base of its 96.88-94 range at the European crossover. Bears target a

break of the 50% retracement level of 95.76-97.51 & 100-dma at 96.64/60 to

extend the downtrend. Trendline support off the Apr 17 2018 low comes in at

96.52, ahead of the 200-dma at 96.02.

- Gold closed on the 50-dma ($1307.47) with the uptrend extending through Asia

to $1309.31. This brings down trendline resistance off the Feb 20 high into view

at $1311.91, ahead of the Mar 28 high at $1312.35.

- Oil futures witnessed a minor pullback off recent multi-month highs.

- US Jobless Claims & PPI the main highlights today at 1230GMT. The level of

initial jobless claims in the US is expected to rebound by 8,000 to 210,000.

Final demand PPI is expected to rise by 0.3% in Mar after a 0.1% Feb increase.