How is it possible hat at 2300 hours nearly every day spreads go up like following
Eurousd froö 2 to 36 gp usd froö 3.5 to 95 or or higher and gold usd froö 100 to 880
broker says is due to liquidity provider that they as broker have no influence on the spreads
is this true or just a story
Brokers use a variety of timezones. Their local
time (with or without DST,) GMT/UTC, GMT+2, NY+7.
Only with NY+7 does
the broker's 00:00 equals 5pm ET and the start of a daily bar is the start of a
new FX day.
GMT brokers, means there is a 1 or 2 hour D1/H4 bar on
Sunday (depending on NY DST,) and a short Friday bar.
GMT+2 is close but
doesn't adjust for NY DST.
EET is closer except when their DST
doesn't match NY's. Last Sunday of
March and 1:00 on the last Sunday of October vs second Sunday in March
and return at 2:00 a.m. EDT to 1:00 a.m. EST on the first Sunday in