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The Wall street closed Tuesday's trading session in the red after the International Monetary Fund lowered its global growth forecasts. The Nasdaq fell by -2%, S&P 500 by -1.23% and Dow by -1.07%. The US Dollar increased slightly versus most of the major counterparts after the US Stocks fell strengthening the currency. Moreover the US President Obama said today he is ready to increase the debt limit for the short term while negotiating with the Republicans over the Fiscal and Healthcare policies to save the nation from defaulting. Today the 10 year Bond auction is expected. Gold dropped by -0.32% from Tuesday closing at $1,319 an ounce. Crude oil added 0.46% on Tuesday to close at $103.61 a barrel. The Euro finished slightly higher versus the US Dollar after the German Trade Balance report came out better than expected. According to 1 hour chart as long as the pair is trading above the support level of 1.3560 it may rise towards 1.3630. Should the pair break the support level it may fall towards its next support at 1.35 level. Today ECB President Mario Draghi is expected to speak. The Pound advanced versus the US Dollar after UK's Stocks decline. The GBP/USD is trading above the support level of 1.6010 which is also the 38.2% Fibonacci retracement level. As long as the pair remains above this it may rise towards the 1.6130 resistance level.