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Monday, May 5, 2014
Forex Market Hours Info-Graphic
Orignal Post :- Forex Useful
FOREX MARKET HOURS
The Forex markets are effectively open 24 Hours a day 5 Days a week. However, each region has its own “official” hours as follows (all times are UK Local time):
• London – Opens at 08:00 and closes at 17:00 • New York – Opens at 13:00 and closes at 22:00 • Sydney – Opens at 22:00 and closes at 07:00 • Tokyo – Opens at 00:00 and closes at 09:00
The term “official” is used because there are no strict limits as to when an institution can or cannot trade any specific currency. However, the above “official” times can be used as a fairly accurate set of guidelines.
During these “official” hours trading in certain Key currencies is at its highest, for example:
• The British Pound (GBP) and the Euro (EUR) are most heavily traded during the London session • The US Dollar (USD) is most heavily traded during the New York session • The Aussie Dollar (AUD) is most heavily traded during the Sydney session • The Japanese Yen (JPY) is most heavily traded during the Tokyo session
13:00 – 17:00 is considered “Prime time” as this is when 3 of the most popular currencies (USD, EUR & GBP) are all being actively traded.
It is also important to pay particular attention during the 1st hour of each session as the markets are more volatile for the currencies in their respective regions.