Good afternoon,

US indices dropped just after the opening and the DJIA is losing 202.3 points at 16,246.88 (-1.23%). Crude Oil is down 99 cents at 30.63 $/barrel (-3.13%), but found support on the 61.8% Fibonacci Retracement from the recent rally.

EurUsd is flat at 1.0896  and UsdJpy is trading at 120.4 (-0.46%). GbpUsd is trading at 1.4386 (-0.31%). Both Kiwi and Aussie dollar are in negative territory and UsdCad is up 78 pips at 1.4024 (+0.56%).

Today  the economic calendar in US will be poor of relevant events but the negative market sentiment was triggered by the concern of the implications of a weak Oil Price in US companies. At 00:00 GMT RBNZ Governor Wheeler will hold a speech and at 04:30 GMT  will be the turn of Bank of Japan  Governor Kuroda.

(16:50 GMT)