If you look at a tin can, you can pretty much tell if its open. Not so the FX market
As the NZ market cranks up to begin on a Monday morning, that's generally accepted as the week's opening. Interbank market liquidity is very thin; liquidity improves as more Asian centres come on online, Australia will be next in a few hours, followed by Tokyo.
Ahhh, but today!
- Its a New Zealand holiday , for one thing - so market liquidity is going to be thinner than normal.
- And ... Singapore and Hong Kong will also be out for a holiday today
- As will China and many other countries.
So, liquidity will be limited until Tokyo gets started. And even after that it'll be thinner than normal today. Take extra care!
Enough preamble .... indicative trading prices: