DAILY CUT-OFF
It is a point of time in the forex market where in it simply says that a trading day is over. For example, a forex dealer said that the cut off is 5pm and a forex trader placed two trades on May 5, one is at 4:50pm and the other trade is done at 5:15pm. Since it is said that the cut off is 5pm, the first trade would be a trade for May 5 and the second trade will be booked as for May 6 already since it already happened after the daily cut off. Daily cut off is done for reason, both logistics and administrative. Although the forex is a 24 hours a day market, it still requires a beginning and end to each trading day.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | May | |
| 10:00 | Ifo Business Climate Index | Jul | |
| 10:00 | Ifo Current Assessment | Jul | |
| 10:00 | IFO - Expectations | Jul | |
| 10:00 | Private Sector Credit | Jun | |
| 10:00 | M3 Money Supply | Jun | |
| 12:00 | CBI retail sales volume balance | Jul | |
| 14:30 | Durable Goods Orders | Jun | |
| 01:01 | BRC Shop Price Index | Jul |
