Monday morning open levels - indicative forex prices - 08 August 2022

On a Monday morning, market liquidity Liquidity Liquidity refers to the extent of a financial instrument’s ability to be bought or sold without causing price fluctuations. Thus, if an asset is extremely liquid, it means one can trade that asset in the knowledge that one’s specific dealing won’t create significant movements in the market.This is because there exists such a large number of traders going both long and short, generating huge volume for that particular asset. Liquidity in the FX MarketTake the example of the foreign exchange marke Liquidity refers to the extent of a financial instrument’s ability to be bought or sold without causing price fluctuations. Thus, if an asset is extremely liquid, it means one can trade that asset in the knowledge that one’s specific dealing won’t create significant movements in the market.This is because there exists such a large number of traders going both long and short, generating huge volume for that particular asset. Liquidity in the FX MarketTake the example of the foreign exchange marke Read this Term is very thin until it improves as more Asian centres come online.

Prices are liable to swing around on not too much at all, so take care out there.

EUR/USD 1.0184
USD/JPY 135.08
GBP/USD 1.2075
USD/CHF 0.9616
USD/CAD 1.2930
AUD/USD 0.6910
NZD/USD 0.6228

Weekend:

• Weekend data - China's exports in July beat estimates and grew at their fastest this year

• A technical look at the major currency pairs for the week starting August 8, 2022
• Fed's Bowman says 75bp increases should be on the table until seen inflation declining
• Iran urges a "realistic response" from the US to Iranian proposals on nuclear deal
• China COVID update - China has locked down the beach resort city of Sanya