With global markets still sensitive to the impacts of the COVID-19 pandemic, please be aware of the upcoming events that might cause extreme volatility. Things to look out for include the ADP National Employment Report (5 August, 2020), Bank of England interest rate decision (6 August, 2020) and the U.S. Non-Farm Payroll Report which occur throughout the year. All can cause significant risk of gapping, price fluctuation, insufficient liquidity and the widening of spreads.
We would advise clients to be aware of the risks involved over the coming period. Monitor both the markets and your positions to ensure sufficient funds are available to cover open positions.
We are following developments closely and will take the necessary actions to protect our clients. Such actions may include increased margin requirements, widening of spreads, decreased leverage, etc. These actions can be taken at any time, including over the coming weekend.
Please feel free to contact us via email@example.com if you have any questions.