Forex Market Update — Week of July 2nd

Back after a short break, let's get right into it 👇

• USD holding strong ahead of upcoming data releases this week — expect volatility on major pairs (EUR/USD, GBP/USD)

• Gold (XAU/USD) continuing to consolidate near recent highs, keep an eye on breakout levels

• JPY pairs showing signs of a reversal setup — watching closely for entries

We've got fresh signals dropping soon for members. Stay tuned and lock in 🔒

Drop your pair requests below and we'll break them down 👇

Without proper risk control:

• One bad trade can destroy your account

• Emotional trading increases

• Long-term survival becomes impossible

Why Is the Forex Market Closed on Saturday and Sunday

The Forex (Foreign Exchange) market is the largest and most liquid financial market in the world. It operates 24 hours a day for five consecutive days, but it remains closed on Saturday and Sunday. 

Have you ever wondered why Let’s understand the reason behind this global practice.

1. Banks and Financial Institutions Are Closed

The Forex market runs mainly through large banks and financial institutions. On weekends, these entities remain closed, cutting off the major source of liquidity.

2. Low Trading Volume

During weekends, very few traders remain active, leading to extremely low market liquidity and volatility. This makes trading risky and inefficient.

3. Global Market Protocol

It is a global trading standard to keep the Forex market closed from Friday night to Monday morning, maintaining consistency across different countries and financial centers.

Quite some numbers coming up !!