The USD went down versus the forex trading majors as it was speculated that the purchases of government debt will be kept by the FED. As for the stock markets, NASDAQ and Dow Jones went up by 2.36% and 1.8% respectively. Crude oil also posted gains by more than 1.5%, landing at a rate of $82.70 per barrel. Gold reached a new high and exchanged at $1,340 per ounce, which reflected a 1.8% increase. As for the ADP Nonfarm Employment Change, it is speculated to increase from the previous -10k to 18k. The ISM Non-Manufacturing Index posted better results at 53.2 versus the anticipated 51.8.
The pound was able to post gains versus the dollar and traded between 1.5750 and 1.5928. After exceeding the resistance level of 1.38, the euro was able to post an 8-month high versus the USD. This was amidst negative Retail Sales data, which resulted at -0.4% against the anticipated 0.2%. The EUR/USD forex pair traded between 1.3636 and 1.3858.







































