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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 prices to contract 0.2% on a monthly basis and rise 1.5% YoY.

Strategists G.Yu and G.Berry at UBS confirmed the bank’s outlook on the cross, arguing “The sharp sell-off on Friday closed below the strong support at 1.5694. There is scope for more downside to 1.5637 and then 1.5578. Resistance is at 1.5879”.

At the moment, the pair is up 0.08% at 1.5706 with the next resistance at 1.5892 (máx. ene.23) por delante de la media móvil de 200-días en 1.5894.

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....
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Asian markets rise in reaction to US NFP

Asian markets went for a “risk on” session on Monday in reaction to Friday's NFP data in the US. TD Securities analysts explained: “Upward revisions to US historical payrolls data were widely interpreted as a goldilocks report: good enough to show traction in the economy but not so good as to spark FOMC tightening expectations”, wrote Annette Beacher.
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