Currency Updates:
U.S. Dollar Trading (USD) US traders returned to the market and although were initially bullish we ended flat and this has taken the wind out of many pairs attempted rallies. EUR/USD failed at 1.3000 and was the leader of the majors lower in the US session. Chicago PMI disappointed remaining in the contractionary at 49.9 vs. 51 forecast. Looking ahead, ADP Employment report forecast at 135k vs. 162k previously. Also, October Manufacturing ISM forecast at 51.2 vs. 51.5 previously.
Oil & Gold (XAU) Gold rallied with the Euro but was able to hold onto most of the gains closing at $1720. OIL/USD bounced back to $87 before easing with the rest of the markets during in the US session.
