Forex or foreign exchange market is the largest financial market in the world, with a daily trading volume of over $5 trillion. The forex market is open 24 hours a day, five days a week, and operates in all time zones. However, not all trading sessions are created equal, and some are more active than others. This article will explain what market is open right now forex.
The forex market operates in different time zones, and it is essential to know when the markets are open to take advantage of the price movements. The forex market is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. Each session is unique and has its characteristics, which can affect the currency pairs’ volatility and liquidity.
The Sydney session opens at 10 pm GMT and closes at 7 am GMT. This session is relatively quiet, with low liquidity and volatility, and is often referred to as the “Asian session”. The AUD, NZD, and JPY currency pairs are the most active during this session.
The Tokyo session opens at 12 am GMT and closes at 9 am GMT. This session overlaps with the Sydney session for two hours, and the two sessions combined are known as the “Asian-Pacific” session. The Tokyo session is the most active Asian session, and the JPY currency pairs are the most traded during this session.
The London session opens at 8 am GMT and closes at 5 pm GMT. This session overlaps with the Tokyo session for two hours and is the most active session of the day. The GBP, EUR, and CHF currency pairs are the most traded during this session, and the volatility and liquidity increase significantly.
The New York session opens at 1 pm GMT and closes at 10 pm GMT. This session overlaps with the London session for four hours and is the second most active session of the day. The USD currency pairs are the most traded during this session, and the volatility and liquidity can be high, especially during the first hour of the session.
It is important to note that the forex market is open 24 hours a day, and the sessions’ opening and closing times can vary depending on the daylight saving time changes that occur in different countries. It is also essential to consider the economic calendar and the news releases that can affect the currency pairs’ volatility and liquidity.
In conclusion, the forex market is open 24 hours a day, five days a week, and operates in all time zones. The market is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. Each session has its characteristics, and the currency pairs’ volatility and liquidity can vary depending on the session. Knowing what market is open right now forex can help traders take advantage of the price movements and make informed trading decisions.
