2m 49s: Lenght

For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube The Dollar changed little versus the Euro and Pound but finished lower versus the Aussie and Kiwi as investors await Wednesday ADP data to be released and more developments regarding the "sequester" budget cuts. The Dow Jones finished with a 0.89% gain, S&P 500 gained by 0.96% and NASADQ by 1%. Apple shares jumped by 2.64% on iPhone 5 rumors. Technically, Apple shares are near their 52 week lows and a break below 418 could reignite the selloff. Today, ADP Non-Farm Employment Change is expected with 172K versus 192K prior, and Crude Oil inventories are expected with 0.9M versus 1.1M prior. Gold remains in a downward channel according to the daily chart and is currently near the lower part of the channel. A retracement towards the upper part of the channel at 1,650 is possible. Crude Oil gained slightly as the commodity is retracing from the $90 support level. The Euro keeps searching for a direction as Italy's political deadlock continues. European finance ministers suggest looser budget policies as austerity comes under attack. Technically, EUR/USD is on a clear downtrend. The pair has retested the 1.3050 resistance level and is likely to resume downwards towards 1.29. Today, Revised GDP is expected unchanged with -0.6%. The Pound finished unchanged versus the Dollar and the Euro despite stronger than expected Service PMI. Technically, GBP/USD has created a Doji in the daily chart which signals lack of direction, but also a chance for a turnover. The major trend remains bearish but the pair is facing a strong support level at 1.50 and could retrace towards 1.5400. If GBP/USD breaks below 1.5000 the pair is expected to reach 1.4800. Today, BOE Governor King will speak before the Parliamentary Committee in London.