Analyzes

The Euro (EUR) added to Friday’s advance at the start of the week, pushing EUR/USD toward the key resistance zone around 1.1750.

Gold prices reached fresh record highs on Monday, with the bright metal extending its rally beyond the $3,630 mark. It currently trades not far below an intraday peak of $3,646.41, as investors keep dropping the US Dollar (USD).

AUD/USD picked up pace and refocused on the 0.6600 hurdle once again.

The USD/JPY pair opened with a bullish gap at the start of a new trading week in reaction to Japanese Prime Minister Shigeru Ishiba’s resignation over the weekend.

The EUR/USD pair posts modest intraday gains on Monday, comfortably trading above the 1.1700 mark. The US Dollar (USD) trades with a soft tone across the FX board, extending the losses inspired by the Nonfarm Payrolls (NFP) report.

GBP/USD stays in a consolidation phase above 1.3500 after rising more than 0.5% on Friday. The pair remains technically bullish in the short term.