Author - admin_fx20

Independence Day Announcement 2024

Dear Clients, There will be a temporal change of the trading session schedule due to celebration of Independence Day in the USA. Please be informed that due to the celebration of Independence Day in the USA the 4th of July 2024, trading session schedule for the Metal instruments shall be restricted from 20:00 GMT+3 07.04.2024 till 01:15 GMT+3 07.05.2024. Please don't hesitate to contact us if you have any questions! Best Regards, Fxglory Management...

Juneteenth – US 2024

Dear Clients, Please be informed that due to the Juneteenth Holiday in the USA on the 19th of June 2024, trading session schedule for Metals shall be changed. Trading with the mentioned above instruments shall be restricted since 20:00 on 19.06.2024 till 01:15 on 20.06.2024 (GMT+3). Best Regards, Fxglory Management Team

Memorial Day 2024

Dear Clients, Please be informed that due to the celebration of Memory Day in the USA on the 27th of May 2024, trading session schedule for Metals shall be changed. Trading with the mentioned above instruments shall be restricted from 19:45 GMT+3 27.05.2024 till 01:15 GMT+3 28.05.2024. Best Regards, Fxglory Management Team

GBP/NZD Technical Analysis for 09.05.2024

Time Zone: GMT +3Time Frame: 4 Hours (H4)

Fundamental Analysis:

The GBP/NZD analysis reflects the dynamic between the British Pound and the New Zealand Dollar. Today, key economic indicators such as the Official Bank Rate and speeches by BOE Governor Bailey may significantly influence GBP. The Bank Rate has aligned with forecasts in recent months, stabilizing expectations, but any deviation today could sway GBP value. The MPC's unanimous vote projection suggests a...

USDCAD analysis for 02.05.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4)

 

Fundamental Analysis:

The USD/CAD currency pair, often referred to as the "Loonie," mirrors the exchange rate between the U.S. Dollar and the Canadian Dollar. Key economic factors include oil prices due to Canada's substantial crude exports, interest rate differentials set by the Federal Reserve and the Bank of Canada, and trade balance data between the U.S. and Canada. Additionally, geopolitical events and market sentiment...

Platinum analysis for 24.04.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4)

Fundamental Analysis:

Platinum's price is largely influenced by supply-demand dynamics, industrial usage, especially in automotive catalytic converters, and investment demand. It's important to consider the industrial health and economic indicators such as automobile sales, manufacturing data, and investment trends which can drive platinum prices. Additionally, mining supply disruptions or changes in recycling volumes can impact the market significantly.

Price Action:

The platinum market on the H4...

USDZAR analysis for 10.04.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4)

Fundamental Analysis:

The USD/ZAR pair reflects the economic dynamics between the United States and South Africa. Key fundamental factors that could influence USD/ZAR include interest rate decisions from the Federal Reserve and the South African Reserve Bank, economic data releases such as employment statistics, GDP growth, trade balances, and manufacturing data. The U.S. dollar is a primary reserve currency and is often influenced by...

Good Friday and Easter Holiday 2024

Dear Clients, We would like to bring to your attention that the Metals market will be closed on 29th of March, 2024 due to Good Friday. Should you have any inquiries, please do not hesitate to reach out to us; we are here to assist you. Best Regards, Fxglory Management Team

GBPCAD analysis for 20.03.2024

Time Zone: GMT +2Time Frame: 4 Hours (H4) 

Fundamental Analysis:

The GBPCAD pair is influenced by economic indicators and policy decisions from both the UK and Canada. Key factors include changes in global oil prices, affecting the Canadian dollar, and the UK’s economic policies, particularly around Brexit developments and trade negotiations. The pair can also be swayed by broader market sentiment and risk appetite.

Price Action:

On the H4 chart for GBPCAD, we observe...

Daylight Saving Announcement 2024

Dear Clients!

Due to the standard time shift in the USA on the 12th of March and considering that Europe will shift clocks on the 29th of March, trading schedule will be changed during this time (from the 12th of March to the 29th of March). Start of trading time for all assets will be on Monday 00:00 GMT+3 and it will finish on Friday 22:55 GMT+3. Please note that Metals (Gold,Silver,GOLDEURO,SILVEREURO,Platinum,Palladium) will...