Follow-on selling surprises to the downside; stops cleared and orders thin. Traders note solid bids but offers remain. Rate at new support level but ranges appears wider. Drop under the 1.6500 handle finds light stops. Monthly lows give way as sentiment won't rally.

Traders note quality bids on the dip suggesting a bottom is in here somewhere. Aggressive traders can buy anytime but expect more whippy action. Follow-on selling likely from technical's but spillover strength from EURO likely to be better to end the week.

London, Oct 23 : The US military has launched a competition to find a design for a flying submarine, a week before the release of the latest James Bond film.

Bond drove a submersible Lotus Esprit in “The Spy Who Loved Me” and villain Scaramanga drove a flying AMC Matador coupé in “The Man With The Golden Gun” but the US group is looking for a vehicle that can do both, The Telegraph reported.

The Defense Advanced Research Projects Agency (DARPA), based in Arlington, Virginia, wants a flying submarine to help small teams of Special Forces to approach coastlines undetected.

The agency said that it wants the craft in order to “maintain its tactical advantage for future coastal insertion missions”.

Washington, Oct 23 : Senator Hillary Rodham Clinton has thrown her weight behind Democratic presidential candidate Barack Obama to make sure that he stands before the nation as a President with the political strength to break the gridlock, get things done, and start progress going in America again.

“We’re throwing everything we’ve got into making sure (Obama) stands before the nation as a President with the political strength to break the gridlock, get things done, and start progress going in America again. And with a filibuster-proof Senate, we''ll be able to bring the change this country so desperately needs,” Clinton wrote.

The USD continued to advance against most majors but lost ground against Yen to end the day mixed and at new highs for the year. Stops were triggered in thin trade traders report suggesting that some bottom-picking has been done recently but the relentless one-way USD advance today made quick work of the USD bears today. Traders report that conditions were horrible and volumes almost non-existent suggesting that a potential bottom is once again forming.

With most traders focusing almost exclusively on liquidity, bank lending and the financial crisis, it appears evident that finding a USD bear will be hard work. In my view, the charge higher by the USD is suspect because it can't last due to the underlying fundamentals being what they are.

At least 19 people, including 10 children, were killed in a fire cracker explosion in Bharatpur district of Rajasthan.

London, Oct 23: Russian archeologists have claimed that the Russians were the first people on the planet to cultivate land, breed cattle and make earthenware.

Russian tribes inhabited Khabarovsk Region in the Stone Age, the archeologists said after finding a 15,000-year-old hunters’ settlement on the bank of the Amur River in Khabarovsk.

According to a report in Press TV, stone axes, knives, scrapers, arrowheads and baked earthenware have so far been unearthed in the area.

“It was the first earthenware on the globe, and though it was primitive, with plain decoration, and poorly baked, yet it was a significant landmark in the history of mankind,” said Andrei Malyavin, an employee of Khabarovsk Archeology Museum.