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04.11.2019 15:15

Focus on Lagarde's first public appearance as ECB president – Danske Bank

Analysts at Danske Bank provide a brief preview of the key event risks due on the cards in the day ahead.

“Today, Christine Lagarde will give her first public speech in her role as ECB president, which markets will scrutinise for any hints on her stance on monetary policy. Final euro area PMI figures for October are also released. In Denmark, the central bank is scheduled to publish FX reserve figures for October. A new House of Commons speaker will be elected today. Later this week the Bank of England announces its interest rate decision as the UK general election campaign gets under way, while Chinese trade data will also be in focus.”


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Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
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Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
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Sydney 21:00 06:00 00:00 09:00 00:00 09:00
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Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
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Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
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European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
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London 07:00 16:00 10:00 19:00 10:00 19:00
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American New York 12:00 21:00 15:00 00:00 15:00 00:00
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Chicago 13:00 22:00 16:00 01:00 16:00 01:00