Commodities
Market Times
Commodities markets do not operate continuously and are open according to specific hours, typically referenced in GMT (Greenwich Mean Time).
Monday
Open apart from 9 PM - 10 PM (DST) or 10 PM - 11 PM (non-DST)
Tuesday
Open apart from 9 PM - 10 PM (DST) or 10 PM - 11 PM (non-DST)
Wednesday
Open apart from 9 PM - 10 PM (DST) or 10 PM - 11 PM (non-DST)
Thursday
Open apart from 9 PM - 10 PM (DST) or 10 PM - 11 PM (non-DST)
Friday
Open until 9 PM (DST) or 10 PM (DST)
Saturday
Closed all day
Sunday
Open from 10 PM (DST) or 11 PM (DST)
Additionally, there are the following holidays where market are closed:
January 1, 2025 – New Year’s Day January 20, 2025 – Martin Luther King Jr. Day February 17, 2025 – Presidents’ Day April 18, 2025 – Good Friday May 26, 2025 – Memorial Day June 19, 2025 – Juneteenth National Independence Day July 4, 2025 – Independence Day September 1, 2025 – Labor Day November 27, 2025 – Thanksgiving Day December 25, 2025 – Christmas Day
Gaps
The price of commodities can change while the market is closed, leading to gaps when the market reopens at a different price than its previous close. This can significantly affect your trades:
Risk of Liquidation: A gap in the opposite direction of your position can lead to liquidation.
Potential Gains: Gaps can also work to your advantage, potentially leading to higher-than-expected profits.
Due to this, LeverageX cannot guarantee stop losses for commodities, and caution is advised when keeping positions open during market closures.
Reduced Leverage/Increased Spread
During specific conditions, LeverageX adjusts leverage and spread settings temporarily:
Major USD News Events: From 1 hour before to 10 minutes after the event.
Market Closures: Starting 30 minutes before the market closes.
How LeverageX Calculates Prices
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