Schedule of trading sessions
One of the important characters of Forex is that it operates 24 hours a day from 00:00 Monday till 22:00 Friday. Saturday and Sunday are the market's days-off, because almost all banks are closed (liquidity of the market is extremely low on weekends). When one continent stops working on the market, another one starts working instead.
Schedule of trading sessions:
| Region | City | Opening | Closing |
|---|---|---|---|
| Asia | Tokyo | 1:00 | 9:00 |
| Hong Kong | 2:00 | 10:00 | |
| Singapore | 1:00 | 9:00 | |
| Europe | Frankfurt | 7:00 | 15:00 |
| London | 8:00 | 16:00 | |
| America | New York | 14:00 | 22:00 |
| Chicago | 15:00 | 23:00 | |
| Pacific region | Wellington | 21:00 | 5:00 |
| Sydney | 21:00 | 5:00 |
Time zone GMT+1 (European Central Time, ECT).
Markets of different regions have their own distinctive features.
Asia
During this trading session most active deals are on the conversion operation market of American Dollar to Japanese Yen (USDJPY), Dollar to Euro (EURUSD), Euro to Yen (EURJPY) and Australian Dollar to US Dollar (AUDUSD).
Europe
This session is distinguished by bargaining in European financial centers. With the opening of the London the market volatility of major currency pairs significantly increases. Trading slows down by afternoon and gets active again later when dealers come back with new energy. Changes in currencies during the European session can be very noticeable because Europe possesses a lot of funds.
America
The most active movements on Forex start with the opening of the New York session when American banks open and European dealers come back from lunch. American and European banks are approximately equally strong; therefore, serious changes in comparison with the previous European session usually do not take place. However, when the European session closes volatility can increase, particularly on Friday followed by the weekend. The American session is especially aggressive in trading.
Pacific region
The most stable time on the market.
