Fundamental

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.

EUR/USD closed the previous week marginally higher, thanks to a late rally on Friday. The pair holds its ground and trades comfortably above 1.1700 in the European session on Monday.

The US labor market grew by only 22K in August, below the already low three-month average of 29K, and far under estimates of 75K.