Monday morning open levels - indicative forex prices - 28 February 2022

As is usual for 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. It 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.

I say the above every Monday ('cause its true!) and its even more important to take note of it today. First thing Monday price movement is batshit crazy when there is big weekend news - like today.

This is a guide to early prices. A GUIDE is all it is.

Where's the RUB? Good question. I won't be taking a guess here.

Weekend news items:

The escalation of Russian sanctions and rhetoric doesn't bode well for Monday's market

EU, US & allies have agreed to cut off a number of Russian banks from Swift

More on the potential removal of Russia from SWIFT

Momentum grows to remove Russia from SWIFT