Trading time (UK time) 10:00 PM Sunday - 10:00 PM Friday
* Only if Margin Level > 100%
The spreads provided are a reflection of the time-weighted average from 09:00AM - 21:00 PM (GMT) for the period of 01/8/2019 – 25/8/2019. Though TNXTrade attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal forex trading conditions. TNXTrade has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The performance of EUR/HKD is determined by two of the world’s major economies: Hong Kong and the Eurozone. This pair is famed for its high volatility that is emerging from the wide range of factors driving the financial status of these two currencies. EUR/HKD is ideally suited to professional investors with a libertine approach to trading.
Talking about the factors that affect the rate of HKD, we can note such macroeconomic indicators as GDP, Trade balance and the Unemployment Rate. Keep in mind that the Hong Kong economy is directly dependent on the world prices to gas, oil, metals, and so on, due to the lack own resources. One more important fact: Hong Kong is the service-oriented country that makes re-export of goods from China, so you should carefully examine the data from both countries.
EUR/HKD is not suitable for intraday trading due to the low volatility, it is customary to use it for the carry-trade based strategies, since this currency pair has a swap if you stand in a short position.
If you are interested in trading the EUR/HKD , contact TNXTrade today to open trading account in several minutes.
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