Latest Updates

28 Oct 2020

Beware of the Potential Impact of US Presidential Election on the Forex Market

The US presidential election will be held on 3rd November (Tuesday). It is expected that the outcome of this election will exert substantial effect on the financial markets, possibly causing a wider spread, higher price volatility, and lower liquidity. To cope with potential market turmoil, it is advisable for you to manage your open positions more prudently and to reserve sufficient margin. In addition, because of a potential lack of liquidity amongst the major participants and bankers in the forex market, you may face more frequent transaction rejections or temporary inability to access transactions after the outcome of the election is released. Please ensure that you have been informed fully about the impact of the election, as outlined above. If you have any questions, please contact us