TONIGHT

We are expecting another quiet session in overnight trade tonight, with professionals winding trades down ahead of the end of the year.

Focus in Europe will be on German CPI, while Bundesbank President Weidmann is also slated to hit the tapes. Anything he says about inflation will be carefully eyed.

U.S. traders will be watching to see how the stock market backs up after the overnight breaking of the recent new high close run.

We are seeing continued buying of safe haven assets (JPY, CHF an USD) into the Asian close, this should continue for the near-term. As Newton said, objects will continue to move in the same manner unless acted upon by an outside force.