The forex market operates globally, with various sessions opening and closing at different times of the day. The US session is one of the most significant trading sessions, which is why traders are always curious about its opening time. In this article, we will discuss What time does the forex market US session start and what factors affect its opening time.
The forex market is a decentralized global market, which means that it operates 24 hours a day, five days a week. The market operates through a network of banks, financial institutions, and individual traders, who buy and sell currencies to make profits. The forex market is open from Sunday at 5:00 pm EST until Friday at 5:00 pm EST.
However, the forex market is divided into four major trading sessions, namely the Sydney session, the Tokyo session, the London session, and the New York session. Each session has its own unique characteristics and trading opportunities. The US session, also known as the New York session, is the last session of the day and is considered the most important session due to the high volume of trading activity that takes place during this time.
What time does the forex market US session start?
The forex market US session starts at 8:00 am EST and ends at 5:00 pm EST. This session is considered the most active and volatile trading period due to the overlap between the New York session and the London session. The New York session is significant because it is the financial capital of the world, and the US dollar is the most traded currency in the forex market.
During the US session, traders can expect to see higher volatility and trading volume in the forex market, which can create profitable trading opportunities. The US session also coincides with the release of significant economic indicators, such as non-farm payrolls, GDP, and inflation data, which can impact currency prices.
Factors that affect the opening time of the forex market US session
The opening time of the forex market US session is affected by various factors, including daylight saving time, public holidays, and market events.
Daylight saving time: The forex market US session opening time is affected by daylight saving time, which is the practice of setting the clock forward by one hour during the summer months. The opening time of the US session is adjusted accordingly, depending on the time zone and daylight saving time in effect.
Public holidays: The forex market US session is also affected by public holidays in the US and other major economies. During public holidays, trading activity in the forex market is reduced, which can impact liquidity and volatility.
Market events: The opening time of the forex market US session can also be affected by significant market events, such as political announcements, central bank meetings, and major economic reports. These events can impact the market sentiment and create trading opportunities or risks.
Conclusion
The forex market US session is a crucial trading session that opens at 8:00 am EST and closes at 5:00 pm EST. The US session is considered the most active and volatile trading period due to the overlap between the New York session and the London session. The opening time of the US session is affected by various factors, including daylight saving time, public holidays, and market events. Traders must be aware of these factors to plan their trading strategies and take advantage of profitable trading opportunities.
