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Forex: EUR/USD around 1.3630, ahead of Spanish data

The shared currency is extending its overnight decline, stabilizing around 1.3630 ahead of the Spanish Unemployment Change, expected to rose by 150.0K during January vs. -59.1K previous.

“On the weekend, the Netherlands nationalized bank and insurance group SNS Reaal at an initial cost of EUR3.7bn, in a reminder that even the ‘core’ Eurozone nations still face real challenges in their financial sectors”, writes Sean Callow, analyst at the Australian bank Westpac.

As of writing, the cross is losing 0.17% at 1.3627 with the next resistance at 1.3815 (high Nov.14) and then 1.3833 (61.8% of 2011-2012 decline).
On the flip side, a breach of 1.3574 (hourly low Feb.1) would expose 1.3542 (low Jan.31

Session Recap: Euro corrects lower; Aussie leads despite poor data

It has been a very slow Asian session, with all currencies pretty much at the same levels where they started earlier. More gloomy data from Australian ANZ jobs indicator and building permits caused some pressure on the Aussie, but the currency managed to stabilize the rate to become the marginal winner. The Euro was the laggard.
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Forex: GBP/USD regains 1.5700

The sterling has managed to recover ground lost overnight and trade back in the proximities of the now key resistance at 1.5700 on Monday, ahead of the UK Halifax House prices. Prior surveys expect the...
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