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Forex: EUR/USD hovering over 1.3000

The single currency is testing the psychological support at 1.3000 on Monday, trading in a softer tone as risk aversion is creeping back to the markets.

Ahead in the day, Spain would release its Unemployment Change for the month of February, with consensus expecting to increase by 77.5K, ahead of a gauge of consumer sentiment by the Sentix index in the euro area.

At the moment, the cross is down 0.04% at 1.3007, with the next support at 1.2929 (low Dec.11) ahead of 1.2910 (76.4% of Nov.-Feb. rise) and then 1.2881 (low Dec.10).
On the flip side, a breakout of 1.3060 (61.8% Fibo) would aim for 1.3101 (high Mar.1) en route to 1.3163 (high Feb.28).

Session Recap: Aussie at fresh 7 month low; BoJ Kuroda makes public appearance

The Australian Dollar got hammered in Asia, ending the session as the worst performer by far fter breaking 2 keys level, first 1.0180 then 1.0150, recording a fresh 7-month low. The New Zealand Dollar followed its neighbor's tail, also having a clean breakout of 0.8220/25. The Euro stabilized just above 1.30 after inconclusive headlines out of Italy over the weekend. The Japanese Yen was the winner of the session, with the market little impressed on the first comments from the new BoJ chief nominee Mr. Kuroda. The US Dollar stood as the second strongest currency.
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Forex: GBP/USD in lows around 1.5025/30

The sterling is trading on the back foot on Monday, extending Friday’s correction lower and testing fresh intraday lows in the vicinity of 1.5020, as risk appetite is shrinking on Chinese woes...
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