Good evening,

US indices, driven by positive market sentiment thanks to GDP figures that matched analysts consensus, are performing well, with the S&P500 up 15.65 points at 2,036.8 (+0.77%) and Nasdaq Composite at 4,993.85 (+0.50%), up 24.93 points.

Crude Oil is trading at 36.19 $/barrel (+1.06%),and  with several investment banks strategists bearish on the commodity for the next year, with target prices between 25-35$/barrel, the probability to see high volatility on Crude Oil is still quite high, especially if a short squeeze will produce the same performance seen on Natural Gas yesterday. Gold is at 1,073 $/oz (-0.70%). In the FX market weakness on the US dollar, with the currency that is losing against all the majors. EurUsd is off its intraday high and is trading at 1.0958 (+0.39%) and UsdJpy down 12 pips at 121.03 (-0.10%). GbpJpy broke an important support level and is losing 103 pips at 179.26 (-0.57%).  Both Kiwi and Aussie dollar are gaining more than half percentage point against the Greenback, and will be interesting to follow the New Zealand Trade Balance event at  21:45 GMT, an event that will increase the volatility of the Kiwi dollar. The Loonie dollar, the worst performer YTD against the US dollar, is gaining 24 pips with UsdCad at 1.3934 (-0.17%). The rate is trading at a level seen back in 2003, and if a mean reversion trade would suggest a long position on the Canadian dollar, underlying conditions are still in favor of the US dollar.

Tomorrow morning UK GDP at 09:00 GMT will be the most relevant event for the European session, and at 13:30 GMT US Durable Goods Orders and Canadian GDP. At 23:50 will be the turn of the Bank of Japan Monetary Policy Meeting Minutes.

(19:45 GMT)