Forex: EUR/USD testing 1.3600 after Spanish unemployment

FXstreet.com (Barcelona) -The single currency is threatening the key support at 1.3600 on Monday, after the Spanish Unemployment Change rose by 132.1K during January, extending the job problems to almost five million people. The result came in short of expectations at 150.0K, although it was way worse than December’s contraction of 59.1K

At the moment, the cross is printing fresh lows at 1.3603 or -0.33% with the next support at 1.3574 (hourly low Feb.1) followed by 1.3542 (low Jan.31).
On the flip side, a break above 1.3815 (high Nov.14) would bring 1.3833 (61.8% of 2011-2012 decline).

Feb 4, 2013

Forex Flash: EUR/USD seems immune to crisis in Spain so far – UBS

According to Research Analyst Gareth Berry at UBS, “There was some moderate selling of euro crosses overnight on fears that ECB President Draghi may sound uncomfortable with the euro's strength at the upcoming ECB policy meeting on Thursday, however we're not entirely convinced (given the ECB's historical reluctance to comment on exchange rate levels).

Forex: NZD/USD trading negatively at 0.8450/53

The NZD/USD has taken a dive in recent minutes, establishing a daily low in the neighborhood of 0.8435 during European trading Monday. However, support kicked in near the 0.8400, fortifying the pair from falling lower. At the time of writing the pair is still trading in negative territory, as the cross has settled in the 0.8450/53 mark.