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What forex pairs move more on the new york session?

The foreign exchange market operates 24 hours a day, five days a week. There are four major trading sessions in the forex market, which are the New York, London, Tokyo, and Sydney sessions. Each trading session has its own characteristics and trading opportunities, and the New York session is one of the most active and volatile sessions.

The New York session starts at 8:00 AM EST and ends at 5:00 PM EST. It is the second-largest trading session in terms of trading volume, after the London session. The New York session overlaps with the London session for four hours, from 8:00 AM EST to 12:00 PM EST, which is the most active period of the day.

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The New York session is known for its high volatility, which makes it attractive for traders who seek to profit from short-term price fluctuations. The volatility is mainly driven by the economic news releases and events that take place during the session. The New York session is when the US markets open, which leads to increased trading activity and volatility.

The following forex pairs are known to move more during the New York session:

1. USD/JPY

The USD/JPY is one of the most popular forex pairs in the world, and it is heavily traded during the New York session. The pair is affected by the economic data releases from both the US and Japan, as well as the risk sentiment in the market. The USD/JPY is highly volatile during the New York session, and it can move up to 100 pips within a few hours.

2. EUR/USD

The EUR/USD is the most traded forex pair in the world, and it is heavily traded during the New York session. The pair is affected by the economic data releases from both the Eurozone and the US, as well as the risk sentiment in the market. The EUR/USD is highly volatile during the New York session, and it can move up to 80 pips within a few hours.

3. GBP/USD

The GBP/USD is the third-most traded forex pair in the world, and it is heavily traded during the New York session. The pair is affected by the economic data releases from both the UK and the US, as well as the risk sentiment in the market. The GBP/USD is highly volatile during the New York session, and it can move up to 70 pips within a few hours.

4. USD/CHF

The USD/CHF is a popular forex pair, and it is heavily traded during the New York session. The pair is affected by the economic data releases from both the US and Switzerland, as well as the risk sentiment in the market. The USD/CHF is highly volatile during the New York session, and it can move up to 60 pips within a few hours.

5. USD/CAD

The USD/CAD is a popular forex pair, and it is heavily traded during the New York session. The pair is affected by the economic data releases from both the US and Canada, as well as the risk sentiment in the market. The USD/CAD is highly volatile during the New York session, and it can move up to 50 pips within a few hours.

In conclusion, the New York session is one of the most active and volatile trading sessions in the forex market. The session overlaps with the London session, which leads to increased trading activity and volatility. The forex pairs that move more during the New York session are the USD/JPY, EUR/USD, GBP/USD, USD/CHF, and USD/CAD. Traders who seek to profit from short-term price fluctuations should consider trading these forex pairs during the New York session. However, traders should also be aware of the risks involved in trading during high volatility periods and should use proper risk management techniques.

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