What Time Does The Forex Market Opens. Currencies or Forex are available for trading 24/5 in any part of the world, while cryptocurrencies are available 24/7. However, cryptocurrency trading is not available during the server checking period from 00.00 to 02.00 on Saturday and 03.30 to 04.00 on Sunday.
Market Trading opens Monday morning in Wellington, New Zealand and remains open until Friday evening in New York, United States. Knowing which trading sessions are currently active can help you in choosing which pairs to trade and which economic events to review before trading.
What Time Does The Forex Market Opens
Each trading day can be divided into three trading sessions, depending on which financial center is active during a certain period of time. The times of each session opening and closing, are based on local business hours:
CITY : Tokyo
OPEN (EET*) : 02:00 – 3:00
CLOSED (EET*) : 11:00 – 12:00
City : London
OPEN (EET*) : 10:00
CLOSED (EET*) : 19:00
City : New York
OPEN (EET*) : 15:00 – 16:00
CLOSED (EET*) : 00:00 – 01:00
* Eastern European time: GMT+2 winter; GMT+3 summer
ASIA SESSION (TOKYO)
With the main trading center in Tokyo, the Asian session also includes China, Australia, New Zealand and Russia. The first financial center to open after the weekend is Wellington, New Zealand, while the Tokyo stock market opens at 02:00 EET (03:00 EEST). The closing hours are followed by the opening of the European session.
Asian Trading Session (Tokyo)
Important economic data from the region that may influence the European and American sessions are released during this time. You can expect significant price movement in USDJPY, EURJPY and AUDJPY.
EUROPEAN SESSION (LONDON)
As financial centers through Asia are about to close, European markets start their day. As the European session coincides with the Asian and American sessions, there is usually increased market volatility and liquidity, however, spreads tend to be tighter during the London session.
European trading session (London)
The most significant economic news are released from the Eurozone, UK and Switzerland. It is not uncommon for a trend started during the European session to continue into the early New York session. The most liquid pairs are EURUSD, GBPUSD, USDCHF, EURGBP and EURCHF.
AMERICAN SESSION (NEW YORK)
Dominated by the United States with its main financial center in New York, the American session also includes Canada and South American countries. Of course, there was high liquidity in the first half of the session, while the European market was still open. A number of economic indicators that have a major impact on the market are released by the United States and Canada, so be sure to check the economic calendar ahead of time to keep track of upcoming news.
American trading session (New York)
As most Forex transactions involve USD, predictably all majors and crosses are volatile, however high liquidity is available during this session, making it possible to trade every pair.