Tuesday, July 7, 2009

Forex Global Market Trading Hours


Sydney
AST

Tokyo
JST

London
GMT

New York
EST

Los Angeles
PST

Australian Open

9:00

23:00
prev.day

22:00

17:00

14:00

Japan economic releases

10:50

0:50

23:50

18:50

15:50

Asian Open

11:00

1:00

0:00

19:00

16:00

Asian slowing

14:00

4:00

3:00

22:00

19:00

European Open

18:00

8:00

7:00

2:00

23:00
prev.day

Eurozone economic releases

18:45

8:45

7:45

2:45

23:45

London Open

19:00

9:00

8:00

3:00

0:00

UK economic releases

20:30

10:30

9:30

4:30

1:30

New York Open

0:00

14:00

13:00

8:00

5:00

USA economic releases

0:30

14:30

13:30

8:30

5:30

London Close

4:00

18:00

15:00

12:00

7:00

US Closing (IMM)

7:00

21:00

20:00

15:00

13:00

If you pay attention to the last schedule you will notice that there are two times when two of the major markets overlap during trading hours; between 2am and 4am EST (Asian/European) and between 8am to 12pm EST(European/N. American).

So here you have it, if you want to find a great number of profitable trades, focus on the hours when the markets tend to make their biggest moves, i.e., during these big markets overlaps, which therefore, are usually the Best Times to Trade

Finally you may want to download this very useful free desktop tool and you can watch the world market times. Here is a shot - you can see how it looks like.
forex_world_time1

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