Today's Report

* Despite of continuing rescue efforts to save the ailing US economy, the Fed officials reiterated yesterday the economy will get worse in the first half of 2009. Oh wait Bernanke, we already know that!!

* Although the US ISM non-manufacturing index yesterday reported an unexpected increase to 40.6 in December from 37.3 in November, the US non-manufacturing sector (mainly services) is still in contraction phase nonetheless. In the meanwhile, the US pending home sales index for November is sinking fast by falling a more-than-expected number to 82.3.

* EUR/USD dives to as low as 1.3313 in early US session and at this point, intraday bias remains on the downside as long as 1.3663 minor resistance holds. As discussed before, corrective rise from 1.2329 could have completed at 1.4719 already. Further fall should now be seen to 61.8% retracement of 1.2329 to 1.4719 at 1.3242 first. Break will bring retest of 1.2329 low. (ActionForex)

* ADP Non-Farm Employment Change at 9.30 pm

* Live Trading: Bought EUR/USD 1.3540 [Closed +40]