Analyzes

EUR/USD moves sideways in a narrow range above 1.1600 in the European session on Monday after ending the previous week marginally lower.

The Pound Sterling (GBP) faced rejection once again on its way to the 1.3500 level when compared with the US Dollar (USD), sending GBP/USD back toward the 1.3300 mark.

Gold extends its consolidative phase into a fourth trading day on Monday, after having failed once again above the $4,100 mark.  

The EUR/USD pair ends the week with modest losses in the 1.1620 region, having shown little signs of life over the past few days. Financial markets got little to work with amid the continued United States (US) government shutdown and the subsequent lack of macroeconomic releases.

Gold (XAU/USD) came under heavy bearish pressure after setting a new record-high slightly above $4,380 on Monday and snapped a nine-week winning streak.

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