Title: Monday Morning Open Levels: Indicative Forex Prices for November 3, 2025
Author: Eamonn Sheridan
Original Source: ForexLive via TradingView
As the new trading week kicks off, market participants around the world are closely watching the indicative forex prices that set the tone for what could be an eventful week ahead. This Monday, November 3, 2025, we observe the early market trends from Asia with the open levels that provide preliminary cues for the broader forex market.
The indicative rates shared below were captured by ForexLive and are generally observed once liquidity becomes available in the early hours of the Asian session. Although these rates are not necessarily reflective of the tightest spreads or the most active price action, they provide an important benchmark for traders ahead of key market events throughout the week.
As such, these indicative forex prices serve as an essential reference before deeper liquidity flows in from Europe, and later, North America. These levels often act as early guides for technical analysts, fundamental traders, and algorithmic systems alike. Presented below are the indicative open levels that were observed early Monday morning across several major currency pairs.
Early Monday Forex Open Levels – November 3, 2025
Below are the indicative opening levels as noted during early Asia trade:
– EUR/USD: 1.0734
– USD/JPY: 149.53
– GBP/USD: 1.2383
– USD/CHF: 0.9059
– USD/CAD: 1.3648
– AUD/USD: 0.6371
– NZD/USD: 0.5864
Crosses and other notable pairs:
– EUR/GBP: 0.8669
– EUR/JPY: 160.47
– GBP/JPY: 185.06
– AUD/JPY: 95.30
– NZD/JPY: 87.65
Note that these quotes often reflect the early-market dynamics, with spreads sometimes wider than usual due to the absence of full market participation, particularly from European and North American centers. Nonetheless, these initial prices offer valuable insights into market sentiment and short-term direction.
Key Themes Driving Currency Movement This Week
Several macroeconomic developments and policy discussions are likely to affect the forex markets this week. From central bank meetings to employment data and geopolitical pressures, traders have quite a lot to digest. The following factors are poised to have the most influence on forex volatility in the coming sessions:
1. Federal Reserve Policy Outlook
The US dollar remains heavily driven by expectations for future Federal Reserve interest rate policy. Last week, Fed Chair Jerome Powell signaled a continued data-dependent approach but left the door open for potential tightening if inflation pressures persist.
– Traders are awaiting speeches from multiple Fed officials this week.
– The US non-farm payrolls report scheduled for later in the week could be pivotal if it shows major deviations from expectations.
– Current forecasts expect around 180,000 new jobs added, with the unemployment rate holding steady at 3.8 percent.
– A softer-than-expected print could see sustained USD weakness and fuel risk-on sentiment.
2. European Central Bank Positioning
The euro continues to face weakening momentum amid concerns that the European Central Bank may have concluded its tightening phase. Stubbornly low growth, especially in the German manufacturing sector, has heightened expectations for a more dovish ECB tone in upcoming remarks.
– Isabel Schnabel and Christine Lagarde are both scheduled to speak this week to offer clarity on forward guidance.
– Inflation data from Germany and Spain may influence the EUR/USD trajectory.
– If Eurozone economic indicators remain subdued, it could further challenge recent euro strength.
3. Bank of Japan Policy Normalization
The Japanese yen remains notably weak across the board as markets speculate that the Bank of Japan remains one of the most dovish global central banks. However, recent hints of policy normalization are sparking increased activity in the yen pairs.
– Japan’s Finance
Read more on EUR/USD trading.