IC Markets informs about changes in the July trading schedule
IC Markets informs about changes in the July trading schedule
IC Markets, a leading provider of online trading services, has announced adjustments to its trading schedule for July 2024.
The changes are primarily in response to the U.S. Independence Day holiday, which will impact trading hours for various financial instruments.
As outlined in the official announcement from IC Markets, the U.S. Independence Day holiday on July 4th will lead to modifications in the trading schedule across several asset classes. The adjustments are designed to align with the market closures and reduced trading hours typically observed during this national holiday in the United States.
Liquidity over the holidays is expected to be particularly thin so please take the necessary precaution to ensure that you are not affected by increased volatility, spreads and intermittent pricing.
According to the information provided, the trading hours for the following instruments will be affected:
1. Forex Market: Trading hours for major forex pairs will remain open but may experience lower liquidity and wider spreads during the holiday period.
2. Commodities: Trading in commodities such as gold, silver, and crude oil will be suspended early on July 4th. Normal trading hours will resume on July 5th.
3. Indices: U.S. indices, including the S&P 500, NASDAQ, and Dow Jones, will also see an early closure on July 4th. Trading will recommence on July 5th.
4. Cryptocurrencies: Trading in cryptocurrencies will remain available 24/7, as usual, given their decentralized nature and the fact that they are not tied to traditional market hours.
Traders can get more complete information on the assets of interest on the broker's website.
These changes are aimed at ensuring that traders are well-prepared for the fluctuations in market activity that typically accompany the Independence Day holiday. IC Markets advises traders to plan accordingly and adjust their strategies to account for the anticipated lower liquidity and potential volatility.
By proactively informing its clients of the changes, IC Markets aims to help traders manage their positions effectively and avoid any unexpected disruptions.
