Monday morning open levels - indicative forex rates - 05 December 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 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, the USD is a wee bit stronger than it was at Friday's close:

Weekend news was not overly impactful:

• OPEC+ holds production unchanged, as expected

• Bank of England's Dhingra on inflation: "we’re not there at a wage-price-spiral point yet"

• FT reports that crypto exchange Gemini is trying to recover US$900m from lender Genesis

• Formula One has canceled the 2023 Chinese Grand Prix - citing COVID

• Beijing and Shenzhen have loosened more Covid-19 restrictions

And, Greg's vid:

• The Weekend Forex Report: A look back and ahead to the Dec 5, 2022 trading week

And, what's ahead:

• Week Ahead: highlights include OPEC+, RBA, BoC, China Trade/CPI, Uni. of Mich.

And, for the crypto peeps:

• DOGE coin technical analysis: Bullish.