Forex holidays december 2017
This is made possible by the fact that as one major international trading centre closes, another one opens, with some trading hours among these various markets overlapping. These overlapping hours are usually those during which the highest volume of trades takes place and are thus the most ideal in terms of catching trading opportunities.
The table below details the opening and closing hours of the major international trading sessions which keep the forex market functioning day and night, five days a week. The forex market comprises a network of financial institutions and retail forex brokers, each of which have their own hours of operation, often broken down by instrument, as indicated in the table further down.
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Please note that in metals trading there is a daily break, as metals exchanges close for one hour each day, during which quotes and trading are unavailable. The table above indicates summer and winter times in the US. Trading hours are affected by a number of holidays throughout the year, e. On these days, trading can come to an absolute standstill, or market hours may be different to the normal ones. Traders must bear these changes to trading schedules in mind as they may need to adapt their trading strategies for various reasons, e.
Clients will be informed via email whenever the trading schedule is subject to change during one of the above holidays. Regulation Client support. Trading Open trading account Deposit and withdrawal Contract specifications Margin requirements. A higher than expected surplus for the balance of trade is positive for the economy of Italy and the Euro, reflecting strong demand for goods and services nominated in Euro, a fundamental factor which can weigh on the appreciation of the Euro against other currencies in the future.
Although a rising inflation rate in the Eurozone is also considered positive for the Euro, the recent ECB monetary policy decision made clear that inflation is still below the threshold level, and there are hardly any inflationary pressures in the Eurozone, which can be considered a neutral fundamental factor.
December Christmas Holiday Season Trading Schedule
The forecast is for a small increase of the inflation in the Eurozone on a yearly basis, with a figure of 1. This figure measures the industrial and factory orders in UK, and rising or higher than expected figures are positive for the British Pound reflecting a robust industrial sector. The forecast however is for a figure of 3. Higher than expected reading are positive for the US dollar reflecting a strong housing market and a positive future economic outlook.
The forecast is for an unchanged figure of The importance of housing market in the broader state of the US economy is extremely high, so any economic event related to the housing market is closely monitored to examine economic trends, which may act as an indicator of the economic growth or slowdown of the US economy. NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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The US deficit now set to rise by 1T — 1. Now the ability of the US government to enact serious infrastructure spending is reduced.
TRADE ECN FOREX/CFD
Infrastructure spending would have had good LT implications primarily in the area of increasing US productivity and potential growth. Bond yields will eventually have to rise to fund the US current account. It is not a long term dollar positive. On the contrary, the risk premium associated with EUR calls in the risk reversal has declined from levels that as we have been saying are expensive on a percentile basis.
Ahead of the holidays, the short dates are getting crushed in many currency pairs. This gamma is too cheap. The one month, which will take in the Jan NFP is also looking underpriced. Short term momentum is holding in slightly negative territory however as you can see in the chart above the EUR is still holding above some short term support.
The implication is that this period of sideways consolidation cannot go on much longer. The GBPJPY uptrend break high is also now in doubt as last weeks price action takes us back to support the previous trend line. This has not happened yet but remains a trade that we have put on the back shelve to be rolled out later when the indicators are more in alignment.
Takes out the channel but now comes back to the to end of support. If it breaks could suggest a retest of the bottom of the support channel at 1.