In case you care and forgot…
In case you care and forgot, the US changed their clocks this weekend. London and Europe won’t do it until March 31.
What does that mean for you and I….
Well if you are in London, the US releases come out an hour earlier. So the typical 8:30 AM ET/1330 GMT releases come out at 8:30 AM ET/1230 GMT. The same flows through for the 10 AM ET releases. They will be released at 1400 GMT.
From the US perspective, the London 4 PM fixing – which can influence price action – is at an 12 PM ET (vs 11 PM ET).
The stock closes in Europe are at 12:30 PM ET instead of the usual 11:30 AM ET close time.
I guess it also means, US traders will get an extra hour of Brexit headlines.
How all this plays out in Asian is beyond by pay scale, but what I do know is at FXL, US hours will stay the same for Adam and I, Eamonn and Justin will go off our schedule.
If I had a wish, all nations of the world would change their clocks on the same day. What you you think?