Jump to content

Daylight saving times - Changes to opening hours from 28 October


Recommended Posts

UK and European clocks go back one hour when Daylight Saving Time (DST) ends on Sunday 28 October. From this date until Sunday 4 November, the end of DST in the United States, there are a number of changes to our opening hours:

  • US and Canadian markets will trade one hour earlier in UK time. For example, US and Canadian shares will be quoted between 1.30pm and 8pm
  • All forex markets will open at 9pm on Sunday 28 October and close at 9pm on Friday 2 November
  • 24-hour dealing on indices will open at 10pm on Sunday 28 October and close at 9pm on Friday 2 November
  • US shares (all sessions) will run from 8am to midnight Monday to Thursday, and from 8am to 9pm on Friday 2 November
  • Weekend trading on indices will open at the same time (4am Saturday), but will close one hour earlier (9.40pm Sunday)

The dealing desk will also close early at 9pm on Friday 2 November.

From Sunday 4 November, the above will revert to their usual hours.

Please also bear the following in mind:

Asian markets, which do not observe DST, will trade one hour earlier in UK time than previously. For example, Hong Kong shares will close at 8am.

Australian markets - Clients trading Australian markets should be aware that Australian clocks went forward by one hour earlier this month (two hours relative to UK clocks from 28 October).

Please note, all times listed here are UK time. We have tried to make this information as accurate as possible, but it is intended for guidance only and is subject to change.
 

  • Like 1
  • Thanks 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      18,486
    • Total Posts
      84,336
    • Total Members
      67,613
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    KMAC22
    Joined 18/05/22 00:01
  • Posts

    • AUSTRALIAN DOLLAR TALKING POINTS AUD/USD carves a series of higher highs and lows as it extends the rebound from the yearly low (0.6829), and fresh data prints coming out of Australia may fuel a larger advance in the exchange rate as employment is expected to increase for six consecutive months AUD/USD REBOUND TAKES SHAPE AHEAD OF AUSTRALIA EMPLOYMENT REPORT AUD/USD seems to have reversed course ahead of the June 2020 low (0.6648) amid recovery in global benchmark equity indices, with the exchange rate trading to a fresh weekly high (0.7041) as the Reserve Bank of Australia (RBA) Minutes reveals that “timely evidence from liaison and business surveys indicated that labour costs were rising in a tight labour market and a further pick-up was likely over the period ahead.” As a result, the RBA insists that “that further increases in interest rates would likely be required to ensure that inflation in Australia returns to the target over time,” and the update to Australia’s Employment report may generate a bullish reaction in AUD/USD as the economy is anticipated to add 30.0K jobs in April. At the same time, the Unemployment Rate is seen narrowing to 3.9% from 4.0% during the same period, and the ongoing improvement in the labor market may encourage the RBA to deliver a series of rate hikes over the coming months as the central bank acknowledges that “there is no contemporary experience as to how labour costs and prices in Australia would behave at an unemployment rate below 4 per cent.” In turn, AUD/USD may stage a larger recovery ahead of the next RBA meeting on June 7 as Governor Philip Lowe and Co. prepare Australian households and businesses for higher interest rates, and a further advance in the exchange rate may alleviate the tilt in retail sentiment like the behavior seen earlier this year. The IG Client Sentiment report shows 66.17% of traders are currently net-long AUD/USD, with the ratio of traders long to short standing at 1.96 to 1. The number of traders net-long is 6.18% lower than yesterday and 15.62% lower from last week, while the number of traders net-short is 12.24% higher than yesterday and 26.92% higher from last week. The decline in net-long position comes as AUD/USD climbs to a fresh weekly high (0.7041), while the jump in net-short interest has helped to alleviate the crowding behavior as 74.02% of traders were net-long the pair last week. With that said, another uptick in Australia Employment may fuel the recent series of higher highs and lows in AUD/USD as it fuels speculation for another RBA rate hike, but the rebound from the yearly low (0.6829) may turn out to be a correction in the broader trend with the Federal Reserve on track to normalize monetary policy at a faster pace. AUD/USD RATE DAILY CHART Source: Trading View Keep in mind, AUD/USD took out the July 2020 low (0.6877) after snapping the opening range for May, but the exchange rate appears to have reversed course June 2020 low (0.6648) as the recent rebound in price pulls the Relative Strength Index (RSI) out of oversold territory. AUD/USD carves a series of higher highs and lows amid the lack of momentum to break/close below the Fibonacci overlap around 0.6770 (38.2% expansion) to 0.6820 (50% retracement), with the move above the 0.6940 (78.6% expansion) area bringing the 0.7070 (61.8% expansion) to 0.7090 (78.6% retracement) region on the radar. Next area of interest comes in around 0.7130 (61.8% retracement) to 0.7180 (61.8% retracement) followed by the 0.7260 (38.2% expansion) region, which largely lines up with the 200-Day SMA (0.7265). Follow me on Twitter at @DavidJSong DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. DISCLOSURES David Song, Currency Strategist, Daily FX May 18, 2022
    • US STOCKS OUTLOOK: S&P 500, Nasdaq 100 and Dow Jones post solid gains on Tuesday Strong April U.S. retail sales data helps improve market sentiment and morale This article looks at the key technical levels to watch for in the Nasdaq 100 over the coming days   Most Read: Big Mistake Leads Technical Trader to Top Three Tools After a subdued performanceat the start of the week, U.S. stocks rallied on Tuesday, buoyed by improved investor morale, on hopes that the worst is over in terms of the recent sell-off and that risk assets will begin to stabilize in the near term. At the closing bell, the S&P 500 jumped 2.02% to 4,088, its best level in almost three weeks. The Dow, for its part, rose for the third day in a row, climbing 1.34% to 32,654, boosted by strong performances by Goldman Sachs, Home Depot and Boeing shares. Meanwhile, the Nasdaq 100 led the charge higher on Wall Street, soaring 2.62% to 12,564 on account of broad-based tech sector strength. Although stocks were already advancing in the pre-market session, gains accelerated after April U.S. retail sales data showed that American consumers kept their wallets open and maintained robust consumption despite rising inflation and falling real income. The solid numbers suggest that household spending, the main driver of economic growth in the country, remains resilient and can continue to support the expansion over the medium term, a good sign for second-quarter GDP and possibly beyond. In the afternoon, Fed Chair Powell’s comments on the central bank's tightening cycle and his strong resolve to restore price stability sparked volatility and briefly weakened the rally, but the reaction was temporary and ultimately reversed. After all the twists and turns, the three major equity benchmarks ended the session near their daily highs. Looking ahead, the economic calendar is thin for the rest of the week, so sentiment will likely dictate direction. That said, Tuesday’s upswing is welcome, but it doesn't change the fact that stocks are still down a lot so far this year and that the near-term trend remains negative in terms of technical analysis. In any case, to further improve sentiment and confirm that this is not another dead cat bounce, we would need to see a follow-through to the topside in the coming days. That will tell us that there is more confidence in the market and in the belief that the Fed will be able to engineer a soft landing of the economy. Focusing on the Nasdaq 100, despite the recent rebound, the tech index remains in bear market, down more than 25% from its November 2021 peak. For buying momentum to accelerate under current conditions, price must overcome the next critical resistance at 12,645. If we see a clear break above this barrier, the focus shifts up to the psychological 13,000 level, followed by 13,605, the 38.2% Fibonacci retracement of the 2021/2022 selloff. On the flip side, if sellers return to fade the rip and price turns lower, support lies at 12,200. If this floor is breached, a retest of the 2022 lows cannot be ruled out. NASDAQ 100 TECHNICAL CHART Nasdaq 100 Chart Prepared Using TradingView EDUCATION TOOLS FOR TRADERS Are you just getting started? Download the beginners’ guide for FX traders Would you like to know more about your trading personality? Take the DailyFX quiz and find out IG's client positioning data provides valuable information on market sentiment. Get your free guide on how to use this powerful trading indicator here. DISCLOSURE Diego Colman, Market Analyst, Daily FX May 18, 2022  
    • The outlook on gold is cautiously bullish while crude oil probes resistance at $114 and London wheat pauses below its £361 all-time high.   Commodities Petroleum Wheat Gold Brent Crude European Union   Gold stages a minor recovery rally Gold’s slip from its mid-April high at $1,998 has taken it all the way to yesterday’s low at $1,787 before it formed a Hammer on the daily candlestick chart and recovered towards the 200-day simple moving average (SMA) at $1,837 which is about to be reached. Next up the early May low can be spotted at $1,851 and the April-to-May downtrend line at $1,855 which may well cap again, however. Yesterday’s low was made right within the late December-to-January lows at $1,790 to $1,781 which unsurprisingly offered support. Failure at $1,781 would engage the December low at $1,754. While the late April high at $1,919 caps, the recent downtrend remains intact. Further up meanders the 55-day SMA at $1,923. Source: ProRealTime Brent crude oil flirts with $114 April high as traders eye EU ban The price of Brent crude oil continues to be underpinned by robust global demand as traders closely watch developments around a proposed EU ban on Russian oil which would tighten global supply further. Yesterday the European Union (EU) failed to pressure Hungary to lift its veto of a proposed oil embargo on Russia but despite this the price of Brent crude oil has risen four days in a row. It is being pushed towards its $114.00 April peak, a rise and daily chart close above which would lead to the late March high at $120.48 being next in line. If the price of oil were to struggle around the $114 mark, however, and slip back, the breached March-to-April downtrend line at $110.05 and also the 55-day SMA at $108.38 would be back in the frame. For now the bulls seem to be firmly in charge, though. Source: ProRealTime London wheat prices are briefly coming off their all-time highs Yesterday November 2022 London Wheat futures traded at their highest ever level of £361 per tonne after India announced on Saturday that it was closing its doors on wheat exports to cool local prices and ensure its supplies as a scorching heatwave curtailed output. This comes on the back of adverse crop conditions in Europe and the US on top of the war in Ukraine and has pushed the price of London wheat up by over 50% since the Russian invasion of Ukraine. The November 2022 contract has come off yesterday’s all-time high at £361 and closed a price gap from last week whilst remaining within its steep one-month uptrend channel. The lower channel line at £337 is likely to act as interim support, together with the 9 May high at £333. A rise above the £361 high seen yesterday may lead to the minor psychological 400 mark being targeted. Source: ProRealTime Axel Rudolph | Market Analyst, London 17 May 2022
×
×
  • Create New...