Monday morning open levels - indicative forex prices - 31 October 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, the USD is up (there is a piece in the Wall Street Journal (gated) from Fed 'insider' Timiraos hinting at higher rates for longer from the Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term - I'll have more to come on this separately :

EUR/USD 0.9948
USD/JPY 147.69
GBP/USD 1.1556
USD/CHF 0.9973
USD/CAD 1.3615
AUD/USD 0.6396
NZD/USD 0.5792