Monday morning open levels - indicative forex prices - 26 September 2022

Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week!

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.

As usual for an early Asia Monday morning, prices are liable to swing around on not too much at all, so take care out there.

Levels guide:

• EUR EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term/USD 0.9667
• USD/JPY 143.35
• GBP/USD 1.0770 ... the further fall is making headlines already this morning!
• USD/CHF 0.9828
• USD/CAD 1.3622
• AUD/USD 0.6516
• NZD/USD 0.5745 (note - New Zealand markets are closed for a holiday today)

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ps. Given the breathless headlines about how Asia is trashing GBP so early ... well, not really. The trashing came on Friday and in this super, super thin liquidity time there are a few trades for tiny amounts hitting. For info purposes:

• its currently 8.50 am in New Zealand, and it's a public holiday (ps. New Zealand switched to daylight saving this weekend)
• 5.50am in Australia (Sydney and Melbourne)
• 4.50 am in Tokyo
• 3.50am in Singapore and Hong Kong