The Forex market is a 24 hour market. So, even though certain markets are closed, their currency is still traded by the markets that are open. Below is a breakdown of the hours of the major world markets The trading day commences in Sydney, Australia at 5: Two hours later, at 7: Next, Singapore and Hong Kong open at 9: The US markets open first in New York around 8: Foreign exchange activity does not flow evenly, and throughout the course of the international trading day, there certain markets are characterized by very heavy trading activity in some or all currency pairs, and other periods are characterized by light activity in some or all currency pairs.
Foreign exchange activity tends to be the most active when markets overlap, particularly the U. Below, the major characteristics of the three main markets are outlined: Trading can be relatively thin and hedge funds and banks have been known to use the Tokyo lunch hour to run important stop and option barrier levels. Yen, Kiwi, and Aussie pairs tend to be the biggest movers during Tokyo hours as other currencies are quite thin and usually do not move.
London tends to be the most orderly market due to the large liquidity and ease of completing transactions. Most large market participants use London hours to complete serious FX deals. In the United States spot market, the majority of deals are executed between 8 AM and DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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