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FxProUpdates

Spot Indices Trading Hours Update

Please find below the amended trading hours on Spot Indices for 31/12/2015 and 04/01/2016 31/12/2015 Early Closing at 14:00 #Belgium20 #France120 #France40 #Holland25 #HongKong50 #Portugal20 #Spain35 #UK_Mid250 #UK100 #US30 #USNDAQ100 #USSPX500 #Greece25 will be closed on 31/12/2015 04/01/2015 Late Opening at 09:00 #AUS200 #HongKong50 #Japan225 The time mentioned above is server time (GMT+2 subject to Daylight Saving Time changes)

FxProUpdates

Forex: Indices attempt to post December gain

Movements in the currency markets have been a little benign this week, meanwhile indices have jumped higher as Christmas cheer engulfs investors. We are still some way off where we started the month of December on European indices, so with only a hand full of trading days left before year end there needs to be a concerted effort from bulls to record a gain for the month. Commodity markets have also benefitted from an improvement in sentiment having looked oversold for some time now with Brent ...

FxProUpdates

Trading Times for Christmas & New Year 2015 – 2016

We would like to inform you that all markets will be closed on 25/12/2015 (Christmas Day) and on 01/01/2016 (New Year’s Day). Please find below the trading times of our various instruments during the holiday period. FOREX: Early Closing on 24.12.2015 at 21:00 Normal Opening on 28.12.2015 Early Closing on 31.12.2015 at 21:00 Normal Opening on 04.01.2016 (EURRUB & USDRUB trading will be closed between 04-08.01.2016) CFD on US stocks: Early Closing on 24.12.2015 at 20:00 Normal Opening on ...

FxProUpdates

Forex: Christmas rally comes late

The Christmas rally is coming later this year with European equities moving higher on today’s open, but we are still some way off seeing indices posting gains for the month. With a bounce in crude prices overnight, which look like for now to have found a bottom with support around the mid $30 level, the mining and energy sectors are benefitting from some bargain hunting. A shadow of their former selves these stocks have performed woefully throughout the year and where there’s any bounce in ...

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Forex: 2015 the year of consumer confidence

Oil prices remain anchored and are giving consumer confidence a boost. Yesterday saw data across Europe come in better than expected and overnight UK consumer confidence showed a reading of +2, up from +1 in the month of November and higher than expected, but still someway off the highs of earlier in the year. What is remarkable is how this is the first time since the GfK survey started over 40 years ago that the measure has remained in positive territory for an entire calendar year. If ever ...

FxProUpdates

FxPro Tools for iOS was updated

We are pleased to inform you that our popular FxPro Tools app for iOS has been updated, with candlestick charts now available for all instruments and the possibility to chart your favourite instruments at h1, h4, 1d, 1w and 1m durations. The application provides users with a range of exclusive FX trading tools including an economic calendar, real-time forex quotes with powerful filters and widgets, market insights and analysis and FX calculators. To find out more and download the app, please ...

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Forex: Muted reaction to Spanish election

Despite the ruling Partido Popular losing its overall majority and the prospect of Greek style negotiations to form a coalition government the reaction from the markets has been muted with Spanish bond yields rising only a few basis points, the euro drifting sideways and European indices expected to open flat to slightly higher. Spain has come a long way since the height of the Eurozone crisis with unemployment declining from around 27% to 21% and it is now the fastest growing economy in the ...

FxProUpdates

Forex: Sliding into year end

Currently markets feel like a newly married couple, trying to find their way in a newly anointed relationship. That new world is one of higher interest rates in the US, as much anticipated and expected the move was. The situation is probably not helped by declining liquidity into the festive period, which is going to be a factor for markets from today but especially from Monday until the end of the month. For equities, the honeymoon period may already be over, with the S&P500 down 1.5% by the ...

FxProUpdates

Forex: Now for Norway

The historical significance of the Fed rate hike last night was far more than its market impact, where the dollar was modestly firmer after the initial volatility, with even these modest gains starting to be given back against the yen. The FOMC statement and Yellen’s open remarks at the press conference contained no less than 8 references to ‘gradual’, with this continuing in the Q&A. Equities were also firmer, helped by Yellen’s positive words on the economy. So in the end, this was one of the ...