Good evening,

at 19:50 GMT US indices are in a trading range environment, with the S&P500 fluctuating few points around the parity. The gauge is up 1.8 points at 2,105.23 (+0.09%) and the DJIA is up 39.72 points at 17,090.47 (+0.23%). Crude Oil is struggling to close above 50 $/barrel: the commodity is up 17 cents at 49.60 $/barrel (+0.34%). In the FX market the Greenback is losing against most of the major group of currencies and gaining only versus the Japanese Yen and the British Pound. EurUsd is trading at 1.353 (+0.69%) , up 78 pips and GbpUsd is at 1.5317 (-0.18%), down 28 pips. UsdJpy is trading at 120.25 (+0.26%), up 31 pips.

Positive session for precious metals, and Gold is trading at 1,157 $/oz (+1.59%) and Silver, that failed for 2 consecutive sessions to rise above its 200SMA, is underperforming the shiny metal and is trading at 15.82 $/oz (+0.9%).

Profit taking did not happen in the European session thus risk appetite still quite high, with the DAX that rose for 2 consecutive weeks. The index is up nearly 9% from its August low, but still only above the 23.6% Fibonacci retracement from its record high (12,414.7 on April 2015). It is very important to follow the long term price pattern of EurUsd, because the rate is struggling against the dynamic resistance generated last year when the rate was near 1.4. A breakout would lift the rate to 1.17 in a very short time window.

Canadian Unemployment rate at 7.1% was 0.1% above the consensus and US Wholesale Inventories at 0.1% beaten the expectation (0.00%).