Yesterday traders were eagerly waiting to see the response of Federal Reserve on the mater of interest rate changes but finally Fed decided to extend the low interest rate period and keep the rates at 0.25%.

USD: US has more October data releases carrying in its bag that consists of Non-farm payroll and October Unemployment figures to be revealed on 6 November, 2009.

Right now, USD was experiencing hardships in the trading because the stocks lay down all around the world Forex market and interest rates remain unchanged.

The Employment Report of October stated that the -230k against the former data of around -188. The ISM Services expectation released with the forecast of around 50.6 against the forecast of 51.6.

The news from US stocks states that DJIA moving with +30-points and closed at 9802, S&P moving with +1 points and get closed at 1046 and NASDAQ trading with +2 points and closed at 2055. When looking forward you will find that, the Weekly Unemployment claims reached to 523k as against the expectation of 530k.

EUR: EUR stayed flat during most of the hours of the Forex trading because commodities still doing well at the market with the stocks having well re-back. The September PPI was expected to reach -0.4%. However, EUR/JPY relished enough profits even though the stocks traded late.

EUR/USD had a low trading point of around 1.4701 and a high trading level of 1.4911 before being closed at the point of 1.4880. Traders are waiting for the ECB declaration of rates and are expecting that the rate will stay at 1.0%.

JPY: The cross currencies initiated to rally down so JPY was going through poor trading performance at the Forex market. USD/JPY strived to hold the position above 91 JPY due to mixed reaction on the FOMC but stayed at dips. EUR/JPY retrieved its figure of 135.

USD/JPY trading at the low level of 90.03 and the higher level of 91.34 before putting off the Forex trading at the level of 90.80 during the end of the new York Session.

These are the currency trading reports indicating that they are moving optimistically at the Forex trading platform.

The article puts forth the trading position of different currencies and the impact of various statements or events on the Forex market.