EUR/USD
EUR/USD went above the 1.36 line as the market maintained a positive outlook after Friday’s Eurozone employment and PMI announcements. In the US the Non-Farm Payrolls did not meet the estimate and the unemployment numbers were a bitter disappointment. Nevertheless consumer sentiment and industrial data showed promise. Monday off to a sluggish start, with merely four announcements planned for Monday. Spanish unemployment numbers generally look dire, but succeeded in beating the pessimistic estimations. Today’s solitary US announcement is Factory Orders. During Asian trading hours EUR/USD lost ground, and consolidated at 1.3627. The pair trimmed down in the European session, and was pushing the 1.36 line.
GBP/USD
GBP/USD is on an unremitting glide and optimism is scarce among traders in relation to chances of a rebound. Investors monitoring carefully the economic data announced today at 9.30GMT when Construction PMI numbers will be released. The estimates are circling around 49.7 which would be a much welcomed bombshell and thus we might see GBP/USD form a support at 1.567 and subsequently at 1.5635. The RSI is indicating a chance of deflection regarding its price action.