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Yesterday’s better than expected US Q3 GDP has revitalized risk appetite; sending equity markets higher across Europe and the US yesterday, and providing positive momentum through to Asian indices overnight. The 3.5% annualized Q3 figures exceeded forecasts for 3.2%... and indicated the first expansion in the US since Q2 2008. In turn, EURUSD has rallied to test resistance around 1.4860 and gold has rebounded from its lows to settle above $1047. We feel this will continue to fuel risk correlated trades higher until officials indicate a shift in monetary policy stance; something which seems unlikely just yet with the labour market in such a dreadful state and growth having not yet proved itself without the aid of stimulus measures.