Traders are hoping for a trade war conclusion in November, which helped the EUR/USD pair to trade over the 1.11 mark. The pair opened at 1.1166, undergoing a 0.04% change, on Monday. Hopes for a resolution to end the trade war has seen the EUR/USD pair to reach the 200-day average at 1.1195, whilst it shows a slight rise on the day. 

On Friday, it dropped to 1.1128, following the publication of the U.S. Non-farm Payrolls which turned out to be more positive than expected. It soon bounced back as it reached the 1.1165 handle, highlighting a bullish hammer candle. 

In addition, despite the British political scene, the GBP/USD pair also rose to the 1.29 handle. Polls ahead of the December snap election are still in favour of the Conservative party. In Monday’s London open, the cable was being traded at 1.2940, as the Tories are likely to take leadership after the election. Boris Johnson’s win is being predicted by Be it YouGov, Ipsos and Deltapoll, Reuters reports. Traders now shift their focus to the Construction PMI. 

However, after Friday’s defence of key trendline, the USD/JPY pair stays unsteady as it opens at 108.18. The pair had found bids from below the support of the trendline between the 26th of August and 3rd October but did not manage to draw bids.