Welcome to the market open of the FX week, and good forex morning, afternoon or evening to all. The forex market is just getting started at this time of the week. Market liquidity is super thin. EUR and NZD impacted by the elections in Germany (exit polls are giving the win to Merkel, in coalition) and New Zealand (English has won enough votes to get first crack at forming a coalition — this could take days or weeks) … but, as you’ll see, not by much (so far at least).
Usual caveats apply — it is very thin and illiquid, prices can move sharply on not very much at all. Liquidity will improve in coming hours as more Asian centres come on line.