Austalian Daylight Savings: Updated Trading Schedule 2019

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Dear Trader, Please find our updated Trading schedule as Australia will end Daylight Savings Time on Sunday, 7th April, 2019. While trading for most products will remain unaffected,  there will be a change in the trading hours of some products. All times mentioned below are Platform time (GMT +3) Sunday, 7th of April, 2019 If you have any … Continue reading Austalian Daylight Savings: Updated Trading Schedule 2019

The Most Traded Currencies in Foreign Exchange

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According to the Bank for International Settlement Triennial Central Bank Survey (BIS), the Foreign Exchange market (or FX or forex market) is the largest and most liquid in the world with a global turnover measuring $5.1 trillion per day in 2016. As disclosed in the table below (courtesy of BIS), foreign exchange swap transactions cleared … Continue reading The Most Traded Currencies in Foreign Exchange

Thursday 11th October: USD heading for its 95 handle?

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EUR/USD: EUR/USD bulls went on the offensive on Wednesday, dethroning its 1.15 handle on the H4 timeframe and challenging nearby Quasimodo resistance at 1.1543. According to our technical studies on the weekly timeframe, further buying could be in store. Demand at 1.1312-1.1445, as you can see, is firmly in play at this point, with room … Continue reading Thursday 11th October: USD heading for its 95 handle?