FX Schedule

The Foreign Exchange Market, also known as FX market, is unique because it trades 24 hours except on weekends. Perhaps, this characteristic of the FX market has made it the fastest growing major trading market in the world. Unlike the stock market, which only suites a trader who can actively participate during the local session, Forex trading continues without a break. The trading environment is also appropriate for intra-day and swing traders who can participate in the market anytime and anywhere in the world.

The official trading hours of Foreign Exchange Market start on Sunday Night at from 20:15 GMT and continue until 22:00 GMT on Friday. These timings are modified in summer and winter. It should be noticed that brokers from around the world may not use GMT as the default setting of their trading platforms. Therefore, it is necessary for participants to understand the FX schedule and be able to convert the default time to their regional settings.

FX SCHEDULE

AUSTRALIAN SESSION

The market opens on Sunday at around 22:00 GMT. This is also the time when the Australian market opens for business. Therefore, the first session from 22:00 GMT to 7:00 GMT is also known as Australian/Sydney session. At this time, it is not unusual for major news announcements from Australian and Kiwi Central Banks. These news announcements sometimes have major impact on the Australian and the New Zealand Dollar, respectively.

Australian Open
22:00 GMT (Summer) / 21:00 GMT (Winter)
Australian Close
07:00 GMT (Summer) / 06:00 GMT (Winter)

JAPANESE SESSION

Just one hour after the Australian session, the Japanese market opens for trading. Also known as the Tokyo session, major business transactions are conducted in this session. Naturally, AUD/JPY currency pair attracts a lot of interest from institutional traders during the Japanese session.

Australian Open
23:00 GMT (Summer) / 23:00 GMT (Winter)
Australian Close
08:00 GMT (Summer) / 08:00 GMT (Winter)

EUROPEAN/LONDON SESSION

The European session is when the largest institutional traders start participating in the market. Their participation is evident by a spike in liquidity and trading volume. The European session starts at 07:00 GMT when the Japanese session is about to close. Actually, the European and Japanese session overlap between 07:00 GMT and 08:00 GMT.

European Open
07:00 GMT (Summer) / 04:00 GMT (Winter)
European Close
08:00 GMT (Summer) / 05:00 GMT (Winter)

AMERICAN/NEW YORK SESSION

The session that most attracts the individual traders is the American session which opens at 12:00 GMT and closes when the Australian session starts. Note that the start of New York session overlaps with European trading from 12:00 GMT to 16:00 GMT. Almost all major currency pairs are most liquid during the New York session. It is also the time for major news releases that impact the most actively trading currency pairs. Day traders and swing traders try to take advantage of liquidity offered during these four hours.

New York/American Open
12:00 GMT (Summer) / 13:00 GMT (Winter)
New York/American Close
21:00 GMT (Summer) / 22:00 GMT (Winter)

Most Forex brokers do not offer GMT as their default platform time. Therefore, investors should inquire about the default timings of the trading platform. Understanding the FX schedule can help traders convert FX times to the regional time. For more information on FX schedule or to begin trading contact www.lucrorfx.com today!

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