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19.08.2019 20:20

U.S. commerce secretary Ross: Very hopeful that Fed Chairman Powell will lower interest rates

  • Says he is very concerned about how Fed policy is affecting dollar strength
  • There will be a recession eventually but yield curve inversion is not as reliable as people think
  • U.S. will delay Huawei ban by 90 days to November 19
  • Will delay ban for some businesses
  • But U.S. had added 46 more Huawei subsidiaries to the entity list, which will not allow these units to import to U.S.
  • China's currency declines are mitigating cost of tariffs to  U.S. consumer
  • Import prices have been declining from a year ago and overall consumer inflation is low


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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