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Abstract:Trading Hours Adjustment of Cryptocurrency Products
Dear Valued Clients,
To enhance your trading experience, STARTRADER will be upgrading its servers this weekend.
The following is thetrading hours of our Cryptocurrency products on this weekendin accordance with the upgrade:
6th July 2024(Saturday): 13:00 - 23:59 GMT+3 [Late Open]
7th July 2024(Sunday): 00:00 - 23:59 GMT+3 [Normal]
Thank you for your support!
STARTRADER Team
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
We are pleased to announce that STARTRADER MyAccount is scheduled for system upgrade starting at 00:00 platform time (GMT+3) on July 6, 2024, and will be completed within the same day.
European trading is subdued due to the U.S. holiday, with the euro benefiting from weak U.S. data. The pound rises ahead of the UK election, supported by market sentiment. ECB President Christine Lagarde's comments on interest rates support the euro. Overall, mixed sentiment prevails with cautious trading expected. Key economic events include Eurozone retail sales, Germany's industrial production, and UK services PMI.
Gold prices remain steady as investors anticipate Federal Reserve Chairman Jerome Powell’s upcoming speech and the U.S. Non-Farm Payrolls data. Geopolitical tensions and economic uncertainties continue to support safe-haven demand for gold, while higher U.S. yields exert downward pressure. Key economic events this week include JOLTs Job Openings, ADP Employment Change, and the Non-Farm Payrolls report.
The U.S. ISM Manufacturing PMI dropped to 48.5 in June, below expectations, but the dollar rebounded after a Supreme Court ruling in favor of Trump. Investors await U.S. job data for hints on potential Federal Reserve rate cuts. Despite rising U.S. bond yields, gold remains strong near $2300. If it breaks above the 50-day moving average of $2337, it could reach $2390-$2400, but faces resistance at $2339.21. A drop below $2323.29 would weaken the bullish signal; watch for a breakout in the $2291.