Forex Market Hours revealed

[Soognee]

New York

New York (open from 8:00 a.m. to 5:00 p.m.) is the second largest foreign exchange platform in the world, heavily watched by foreign investors, as the US dollar is involved in 90% of all trades, according to "Day Trading the Foreign Exchange Markets" (2006). ) by Kathy Lien. Movements on the New York Stock Exchange (NYSE) can have an immediate and powerful effect on the dollar. When companies merge and acquisitions are finalized, the dollar can instantly gain or lose value.

Tokyo

Tokyo, Japan (open 7:00pm to 4:00am) is the first Asian mall to open, handling the largest portion of Asian trade, just ahead of Hong Kong and Singapore. Currency pairs that tend to see quite a bit of action are USD/JPY (or US Dollar vs. Japanese Yen), GBP/USD (British Pound vs. US Dollar), and GBP/JPY (British Pound vs. Japanese Yen). USD/JPY is a particularly good pair to watch when the Tokyo market is the only one open due to the Bank of Japan's strong influence on the market.

Sydney

Sydney, Australia (open 5pm to 2am) is where the trading day officially begins. Although it is the smallest of the mega-markets, it sees a lot of initial action when markets reopen on Sunday afternoon as individual traders and financial institutions try to regroup after the long break since Friday afternoon.
London

London, United Kingdom (open 3am to noon): The United Kingdom (UK) dominates the foreign exchange markets globally and London is its main component. London, the central commercial capital of the world, accounts for approximately 43% of global trade, according to a BIS report. The city also has a large influence on currency fluctuations, as the UK's central bank, the Bank of England, which sets interest rates and controls GBP monetary policy, is based in London. Forex trends often originate from London as well, which is a great thing for technical traders to keep in mind. Technical trading involves analysis to identify opportunities using statistical trends, momentum and price action.

[Sergajborb]

Very well