Manufacturing in US Spreading out

USD Trading: USD trade showed varied response because the stocks remained unstable with effective figures not creating considerable growth in the Forex reserve markets.

The ISM Manufacturing of October was 55.7 better than what the expected manufacturing of around 53. The pending Home Sales in September grew about 6.1% in September.

USD breakout the day highs in the beginning of the Asian market on Monday with a very trembling stepping.
In US stock market, DJIA with +76 points finally closed at 9789, S&P with +7 points and finally closed at 1043 and NASDAQ +4 points and closed at 2049.

The Factory Orders September are having expected at 0.8% against -0.8% as it was expected formerly.
EUR Trading: The EUR traded lower than 1.4700 in Asian session and returned back when the stocks lifted up against the lows and China‘s PMI at the 55 indicated that the manufacturing figures expanded at the rapid speed of within the last eighteen months.

The rally sustained on the same data in US stock trading and before the stocks come under stressful condition and pushes the EUR low. EUR/JPY had a volatile trading and started rallying from 131 to test level of 134 in New York.

In all, the EUR/USD traded with at the lower level of 1.4682 and at the highest level of 1.4847 and sooner than closing the trade at 1.4765.

JPY Trading: The JPY having very volatile market with the sharp selling point in the low trading volume at the beginning of the Asian session testing JPY at low of 89 JPY trading area before the currency bounces up in the rest of the day. The JPY trade has overstated the price action with the trading level of +3 JPY ranges.

To sum up, USD/JPY bough and sold at the low of 89.10 and a highest point of 90.72 before the trading closes at the end of the day at 90.30. Next, there is a Bank Holiday in Japan.

These are the Forex trading updates related to the various currency and their price actions along with the changes in the figures of important trading issues like manufacturing.