Currency Updates:
U.S. Dollar Trading (US) the markets rolled over and sold off sharply last night in the US session with concerns that the Greece situation was not going to resolved quickly. Commodities sold off aggressively and stocks fell 300 points from highs of the day. In US stocks, DJIA -179 points closing at 11010, S& P -24 points closing at 1151 and NASDAQ -55 points closing at 2491. Looking ahead, Q2 GDP forecast at 1.2% vs. 1.0% previously. Weekly Jobless Claims forecast at 420k vs. 423k previously.
The Euro (EUR) the EUR/USD fell from the 1.3600 to 1.3520 in late US session before stabilizing at lows. The lack of progress on the Greece debt deal and talk of a European financial tax is creating risk off trading environment as a solution is searched for. Looking ahead, September German Unemployment forecast at -8k and the Unemployment rate remained at 7.0%.
The Japanese Yen (JPY) heavy crosses sent the major back to Y76.50 and this could come under more pressure if the EUR/JPY and AUD/JPY continue to pressure on the downside. Today& rsquo s German vote will be the main impact point for the EUR/JPY seen as an indication of support of Germany& rsquo s Chancellor Merkal or not.
The Sterling (GBP) came under heavy selling pressure with the Euro keeping in lock step with EUR/GBP in a tight range. The selling pushed GBP/USD through 1.5600 before stabilizing into the close. The EU Troika inspectors are in Athens to review whether Greece receives the next segment of aid.  
The Australian Dollar (AUD) the Aussie was hit hardest overnight with the heavy stock market selloff and the Greece concerns compounded by China Trade war talks. Support broke at 0.9800 and then in late US session the market fell to 0.9750. The outlook is largely dependent on what happens in Europe but the new China negative news could also be a major factor.
Oil & Gold (XAU) Gold crashed with the sell trade being linked to increased demand for cash and liquidation of long gold positions on rallies the main talk in the markets. Crude Oil reversed aggressively falling below $80 a barrel by days end to undo the rally in the first part of the week.