For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube Wall Street closed the trading session in the green as President Obama plans to meet leaders from the Senate and House of Representatives to put an end to the partial shutdown. The NASDAQ rose by 1.35%, the S&P; 500 by 1.08%, and the Dow Jones also added 1.00% to its value. Coca-Cola shares rose by 0.37% yesterday, closing at $37.91, with the company expected to release the third-quarter earnings before the market opens. The US dollar traded mixed yesterday as U.S. lawmakers struggled to raise the nation`s debt limit. Central banks have begun making financial plans to keep the economy steady. Today, the Empire State Manufacturing Index is expected at 8.2 vs. 6.3 previously. Gold traded almost unchanged yesterday closing at $1,271. Crude Oil rose by 0.81% to close at $102.28 after DNO International focused on northern Iraq to boost its output over expectations. The Euro traded almost unchanged yesterday versus the Dollar. According to the 1-hour chart, the EUR/USD has succeeded in breaking below the bullish trend; however, should the pair fail to break below the support level at 1.3550 it might move towards 1.3600. Today, German Economic Sentiment is expected at 49.2 vs. 49.6 previously. The Pound slightly rose versus the US Dollar. On the 1-hour chart, the GBP/USD is trading in an ascending channel; as long as the pair remains above the support level of 1.5950, it may rise towards the 1.6025 resistance level. Should the pair cross above this, however, it may continue towards 1.6075. Today, CPI is expected at 2.6% vs. 2.7% previously.

• published: 16 Oct 2013
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