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 |
|---|---|---|---|
| 06:30 | Tertiary Industry Index | Apr | |
| 08:00 | Wholesale Price Index | May | |
| 08:30 | Producer & Import Prices | May | |
| 09:00 | SECO Consumer Confidence | May | |
| 10:00 | Trade Balance | Apr | |
| 11:00 | Current Account (sa) | Apr | |
| 11:00 | Industrial Production | Apr | |
| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
