The publication of a number of disappointing U.S. figures pushed the EUR/USD below the 1.10 handle. The U.S. Non-Farm Payrolls are building pressure as they expectations are low. The wage is estimated to stay high in the report.  Whilst seeing improvement in the pair’s momentum on the 4-hour chart, the currency went over the 50 Simple Moving Average (SMA), although is remained capped by the 100 and 200 SMAs.  

Investors are looking to find out whether the U.S. economic slowdown is affecting the labour market as the Non-Farm Payrolls, known as ‘the king of forex indicators,’ are to be announced. The ISM's Purchasing Managers' Index for the non-manufacturing sector dropped to 52.6 points, reaching the lowest in three years. A disappointing ISM Manufacturing PMI release this week saw the score hitting a 10-year low at 47.8 points.

The Federal Reserve may be pressured to cut interest rates again this month due to a reliable labour market. 

The Cable is steadily standing around the 1.2350 handle, despite reports saying that British Prime Minister Boris Johnson has been given until October 11th to propose the EU a better deal. In addition, Johnson did not plan meetings with the heads of Germany and France. The European Council President Donald Tusk was ‘unconvinced’ by the British PM’s proposal and gave him a week to think of new ideas to better the proposal.  President of the European Commission, Jean-Claude Juncker asked Johnson to publish the legal text that accompanied the program.