Good morning, afternoon or evening to all ForexLive traders. Welcome to the start of the new FX week.
As is usual for a Monday morning, interbank market liquidity is very thin until liquidity improves as more Asian centres come on online ... prices are liable to swing around on not too much at all, so take care out there.
Price guide, showing some early, small EUR and yen strength:
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The big event to look forward to today is the reopening of Chinese stock markets after a long, long weekend 4-day break.
There is plenty else happening, of course, but from China:
- The yuan central reference rate will be set in the minute or so following 0115GMT
- Early indications to opening levels for Chinese stockmarkets will be around 0125GMT
- China stock markets open at 0130GMT
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Oh, and if you're in the US or Canada you'll be in the middle (more or less) of a long weekend yourselves. Enjoy it if you're having a break.
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ps. As I read through the post, USD/JPY moving already ... now around 118.93 from 118.80. Did I mention it can be thin liquidity!
