The Forex Market Time Converter displays "Open" or "Closed" in the Status column to indicate the current state of each global Market Center. However, just because you can trade the market any time of the day or night doesn't necessarily mean that you should. Most successful day traders understand that more trades are successful if conducted when market activity is high and that it is best to avoid times when trading is light.

Event Planner. Zones by Country. World Time. Time Zone Converter. Forex Market Hours. What's My Time Zone? Forex Market Hours sponsored ads:. About The Forex Time Zone Converter The foreign exchange "forex" or "FX" currency market is not traded on a regulated exchange like stocks and commodities. Click on a time zone for Daylight Saving Time DST transition dates and times.

Home Time Zone Converter World Time Zones By Country Reference Card Link to Us Copyright © timezoneconverter. All rights reserved. Time and date: PM November GMT Click on a time zone for Daylight Saving Time DST transition dates and times. It obtains more than half of the total trading volume on the Forex market.

The first factor that plays an important role in the impact on the volatility of the currency pair volatility is trading sessions. While trading, market participants need to know when a volatility is high and when it calms down.

An activity drops when traders have lunch and increases when the US session starts. A liquidity drops again at GMT when European traders close out their positions, but still may be high because of the US trade session. ECB and the Fed control the monetary policy, money supply, and interest rates. As a result, any update of these banks impacts the strength and weakness of the currency.

Market participants follow every regular meeting of central banks to get the insights regarding both euro and dollar. Along with the regular official updates, sometimes the heads of these two banks make some statements regarding the national monetary policy.

This causes volatility in the Forex market. For instance, Brexit, crises in European countries, elections in countries with the biggest economies in the European Union. Every week you can find a huge number of economic events on the calendar. In this article, you will get the most important economic indicators that every trader needs to know. The United States CPI the component of inflation rate is the most important because it affects all other currencies.

One more crucial factor is GDP. It demonstrates how much the economy is strong and healthy. The same principle is effective for GDP: European and US GDPs growth are the most important. Purchasing Managers Index is one more way to evaluate the economic health that impacts the strength of the currency. The report demonstrates whether corporate purchasing managers are optimistic or pessimistic about the economy from a medium-term perspective.

This report has a high level of importance because central banks pay attention to this data while building monetary policy. The list of important economic reports includes the balance of payment. It demonstrates how much funds a country receives from abroad and how much it pays to other economies.

Of course, we have to mention again the updates from the ECB and the Fed. Each news regarding a key interest rate immediately pushes the Forex market. A period from There is a necessary movement in this time to get a profit and cover spread and commission costs.

An ideal time to trade this currency pair is between During this period, you will see the most significant movements of the day. This enables greater profit potential. London and New York are both open during this window. Much volume comes from two of the biggest markets.

That's why spreads are typically the tightest during this period. Being the largest and most traded currencies all over the world, EUR and USD represent the highest proportion of trades in the international finance market.

Trading this currency pair is extremely popular. This is actually the most liquid currency pair overall. A huge number of companies work both within Europe and the United States while having offices in both locations.

When it comes to liquidity, the euro or EUR ranks second. The most highly liquid currency in the world is the US dollar. The euro is followed by the Japanese yen or JPY and the British pound or GBP. Forex brokers often offer a number of related currency pairs, but most traders focus on the six pairs, which are the most popular ones. They are as follows:. The euro is traded continuously from the evening on Sunday up to the afternoon on Friday, that is five days a week, in the United States of America.

This provides traders with opportunities to make significant amounts of profits. However, there can be fluctuations in volumes and the degree of volatility during each of the hour cycles of trading. It is true that the key benefit offered by forex trading is the ability to open and close orders according to the convenience of the trader, but generally a major part of the trading occurs during the active periods.

This is the most popular and liquid currency pair in the world. This pair is offered by most brokers with a tight spread during the course of the hour cycle. As a result of the multiple intraday catalysts, the price of the currency pair moves upward or downward, setting up tradable trends along various time frames. Additionally, long-term and short-term swings work very well along with classic range-bound strategies. These include trading channels and swing trading.

There are a number of factors that cause the price of the euro to change. In this respect, the best time for trading the euro is when economic data are being released and during the hours when the equity, futures and options exchanges are open. Traders need to do two-sided research ahead of the data releases when planning or preparing to trade the euro. This is because the catalysts in the Eurozone area local catalysts cause the prices of popular pairs to move as much as the catalysts in each one of the cross venues.

Additionally, the release of economic data in the United States of America has a significant impact on the prices all of the currencies around the world.

Further, the political and economic macro events that are capable of triggering price actions among equities, bonds and currencies also significantly influence the prices of EUR crosses. Natural disasters are also known to create a coordinated response like this. For example, the tsunami in Japan in In general, the monthly economic data for the Eurozone are released at Eastern Time ET a.

Therefore, the best times to trade the EUR pairs are 30 minutes to 60 minutes before and one to three hours after the specified release time.

The popularity of these trading times can be attributed to the fact that these news releases impact the price actions of at least three out of the five of the most popular EUR pairs. Further, these times overlap with opening of the trading hours in the US. This results in the trading of a large volume of these currency pairs on either side of the Atlantic. On the other hand, the release of the economic data in the U.

is generally scheduled between ET a. and 10 a. The release of data in the US also generates significant EUR trading volumes with the odds for strong trending price movements in the case of the most popular pairs remaining strong.

The release of economic data in Japan often gets less attention. This is because they are frequently released at either ET p. or ET 10 p. During this time period, the Eurozone will be in the midst of its sleep cycle. Many traders who buy and sell EUR often track the trading timings of equity exchanges such as those in New York and Frankfurt and Chicago futures and options market.

They make good use of the time overlap between these exchanges. This is because the localization helps to generate huge trading volumes during the midnight hours in the east coast of the U. and continue through the night into the lunch hour in America. The trading activity dips sharply after that. The FOMC often announces the interest rate decision or releases the minutes of the previous meeting at ET p. The forex traders stay at their desks during such announcements or releases to take full advantage of the price action that happens the period.

While the Bank of England BoE releases rate decisions at ET a. Both the releases are scheduled to take place during the period when the trading volumes are very high.

The six popular EUR currency pairs listed above provide traders with both short-term and long-term trading opportunities and a lot of options. As said above, the best times to trade the EUR coincides with the times when the economic data are scheduled to be released such as ET a. and a. and the time between midnight and noon when the trading times of American and European exchange coincide and there is liquidity in the market.

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Those markets are open between and Greenwich Mean Time GMT. While most brokers suspend trading during the weekend, the fact is that economic news and geopolitical events still occur on Saturdays and Sundays. However, given the significant increase in trading volume at this time, it makes breakout trading much more lucrative. World Time. During this period, you will see the most significant movements of the day. There are arguments for both. Forex Market Hours.

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