Sep US Labor report came good for Dollar good for risk revising up August non-farm payroll figure to strongly to 142k from 96k adding 114k in September closer to the consensus which was referring to 118k driving down the unemployment rate below 8% to 7.8% which is the lowest since Jan 2009.

The data show that there can be a chance for taking risk and cheeriness of positive sign putting pressure on the gold price supporting the greenback versus the Japanese yen which was the biggest loser in the first moment with a clear upside direction with a sentiment could be encouraging for the single currency to have a place above 1.30 supported by restoring confidence wave of loading risks.

While the European markets will be waiting today for Sep services sectors PMI data and Aug EU retails sales by God's will, the Single currency is still taking its keys from the Spanish issue finding difficulty to reach 1.30 psychological level again versus the greenback following the Spanish PM comments which have shown that there is no close official request for the 100b euro bailing out plan of the Spanish banking sector showing that the market focusing on Spain can be extended after the market has been contained by an expectation of having this request in the beginning of this month after the better than expected stress test results which have shown the need for raising its banks capital by only 59.5b euro and the representation of 2013 budget by the end of last week which included 13 billion euro of cuts.

The single currency is still keeping its retreating pace versus the greenback trading below 1.285 in the beginning of the US session under the pressure of the second day of violent demonstrations in Spain against the austerities measures ahead of the waited parliament elections can be sooner than later looking the main reason of delaying the governmental official request for bailing out Spain.

The Spanish bonds yields surged again in the secondary market and the risk appetite came under pressure pushing up the greenback across the broad from another side with emerging worries about the debt crisis in Europe and the bad economic conditions in Spain which can be transferred to other debt ailing countries.

The single currency could make another jump yesterday reaching 1.3170 but it could not get over its previous resisting level at 1.318 and it is now trading below 1.31 not away from being exposed to a profit taken wave after its recent strong rally while the worries about the EU debt crisis can rise again weighing down on it after it could take its breathe over 1.30 psychological versus the greenback after diving below it had started in the middle of last May reaching 1.2041 on 24th of last July whereas it could form its bottom to the current levels thanks to the Fed's open ended QE3 and the Fed's cheeriness of having better economic activity and positive effects in the labor market with it's new stimulation plan which encouraged the risk appetite weighing down on the greenback.