Here is more on forex trading sessions.
The International Dateline is where, by tradition, the new calendar day starts.
Since New Zealand is a major financial center, the forex markets open there on Monday morning, while it is still Sunday in most of the world.
Even though trading starts in New Zealand, it’s still called the Sydney session.
Until Friday, there is no time during the week when the market formally closes, although there is a brief lull in activity between about 19:00 and 22:00 GMT when most American traders have gone home and most Kiwi and Aussie traders are getting ready for work.
Other than the weekends, there are just two public holidays when the entire forex market is closed, Christmas and New Year’s Day.
Below are tables of the open and close times for each session:
|Sydney Open – 7:00 AMSydney Close – 4:00 PM||4:00 PM1:00 AM||9:00 PM6:00 AM|
|Tokyo Open – 9:00 AMTokyo Close – 6:00 PM||7:00 PM4:00 AM||12:00 AM9:00 AM|
|London Open – 8:00 AMLondon Close – 5:00 PM||2:00 AM11:00 AM||7:00 AM4:00 PM|
|New York Open – 8:00 AMNew York Close – 5:00 PM||8:00 AM5:00 PM||1:00 PM10:00 PM|
Actual open and close times are based on local business hours, with most business hours starting somewhere between 7-9 AM local time
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