The retail market won’t open for another 2 hours but the interbank market is up and running. EUR/USD is trading at 1.2985, USD/JPY at 95.95, cable at 1.4915 and AUD/USD at 1.0210. Obviously all the close stop-loss orders were done on Friday night and there’s nothing for dealers to chase in these thin markets.
There are no obvious trades jumping out at me this morning but hopefully we will find some as the day progresses.