FXstreet.com (Barcelona) - After a quiet weekend with no fundamental surprises, market open near Friday's close, although Euro and Gbp are slightly bullish at the opening. Non Farm Payroll send dollar down past Friday, yet loses were pared by stocks that barely close positive. Euro quotes at 1.2670 already, already rejected by the 1.2700. Gbp stands above 1.4120 with a tough resistance zone at 1.4135/60. Japanese yen remains above 98.00
Economic and financial outlook has not changed. Conditions keep on worsening and despite the spikes of optimism and global efforts to stabilize markets, risk aversion continues ruling investor's decisions. Calendar for the week ahead is quite light. Market expects majors to remain in past week ranges.