Good evening,

Profit taking on US indices continued today as well, with the S&P500 down 24.35 points at 2,017.54 (-1.19%) and DJIA at 17,232.98 (-1.50%). In the commodity market Crude Oil is losing 45 cents at 35,82 $/barrel (-1.24%) and Gold is up 15.2$ at 1,064.80 $/oz (+1.45%).

In the FX market EurUsd in nearly flat at 1.0837 and UsdJpy is down 112 pips after the BOJ Press Conference. The rate is trading at 121.44 (-1.12%). Today the most relevant event in the calendar was the Canadian CPI. The rate soared after the data was released but now is trading at 1.3932 (-0.03%).

Equities may retrace because margin trading cost increased and the Japanese Yen may rise as well  after it found robust resistance against its 2015 top.  Crude Oil weakness should continue as sellers are in control, but Gold did not close this week below its 2015 low.