Forex, also known as foreign exchange, is a decentralized global market where currencies are traded 24 hours a day, five days a week. Forex trading hours vary depending on the region and the time zone. In this article, we will discuss what time the forex markets open on Sunday in the Mountain Standard Time (MST) zone.
MST is a time zone observed in North America, which is seven hours behind the Coordinated Universal Time (UTC-7). It is used in states such as Arizona, Colorado, Montana, New Mexico, Utah, and Wyoming. Therefore, if you are in the MST zone, you should be aware of the forex trading hours to maximize your trading opportunities.
Forex trading hours
Forex trading hours are divided into four main sessions, which include the Sydney session, Tokyo session, London session, and New York session. Each session has its unique characteristics, and traders need to understand them to make informed trading decisions. The forex market is open 24 hours a day, except on weekends and holidays. The trading week starts on Sunday at 5:00 PM EST and ends on Friday at 5:00 PM EST.
When do the forex markets open on Sunday MST?
The forex market opens on Sunday at 5:00 PM EST, which is Monday at 12:00 AM MST. This time marks the start of the Sydney session, which is the first trading session of the week. The Sydney session is known for its liquidity, but the trading volume is relatively low compared to other sessions. During this session, traders focus on the Australian and New Zealand dollar pairs, which are known as the “Aussie” and “Kiwi” respectively.
After the Sydney session, the Tokyo session follows at 7:00 PM EST, which is Monday at 2:00 AM MST. The Tokyo session is known for its volatility, and traders focus on the yen pairs such as USD/JPY and EUR/JPY. The Tokyo session overlap with the London session, which starts at 3:00 AM EST, which is Monday at 10:00 AM MST. The London session is the most active session, and it accounts for over 30% of the forex trading volume. During this session, traders focus on the EUR/USD, GBP/USD, and USD/CHF pairs.
Finally, the New York session starts at 8:00 AM EST, which is Monday at 3:00 PM MST. The New York session is the last trading session of the day, and it accounts for over 20% of the forex trading volume. During this session, traders focus on the USD pairs such as EUR/USD, USD/JPY, and GBP/USD.
Conclusion
In conclusion, forex trading is a 24-hour market, and traders need to understand the trading hours to maximize their trading opportunities. The forex market opens on Sunday at 5:00 PM EST, which is Monday at 12:00 AM MST. Traders in the MST zone should be aware of the trading hours to take advantage of the different trading sessions. The Sydney session is the first session of the week, followed by the Tokyo, London, and New York sessions. Each session has its unique characteristics, and traders should understand them to make informed trading decisions.
