Categories
Popular Questions

What time does the forex market close in australia?

The forex market, also known as the foreign exchange market, is a global decentralized market where traders buy and sell currencies. It is the largest and most liquid market in the world, with an average daily trading volume of over $5 trillion. The forex market operates 24 hours a day, five days a week, which means that it never closes. However, different regions have different trading hours, and traders need to be aware of these hours to make informed trading decisions. In this article, we will focus on the forex market closing time in Australia.

The forex market is open 24 hours a day, but it is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. The Sydney session is the first to open, followed by the Tokyo session, the London session, and the New York session. These sessions overlap to create a continuous trading day that spans 24 hours.

600x600

The forex market opening and closing times are based on Greenwich Mean Time (GMT), which is the time at the Royal Observatory in Greenwich, London. However, traders in different regions use their local time to determine the market opening and closing times. In Australia, the forex market operates during the Sydney session, which is the first to open and the last to close.

The Sydney session starts at 10:00 PM GMT on Sunday and ends at 7:00 AM GMT on Monday. During this session, the major currency pairs, such as the AUD/USD, NZD/USD, and USD/JPY, are actively traded. The Sydney session is also known as the Asia-Pacific session, as it includes other major financial centers in the region, such as Tokyo, Hong Kong, and Singapore.

The forex market in Australia closes when the Sydney session ends at 7:00 AM GMT on Monday. However, traders can continue to trade the forex market during the Tokyo session, which starts at 12:00 AM GMT and ends at 9:00 AM GMT. The Tokyo session is also known as the Asian session, and it includes other major financial centers in the region, such as Hong Kong, Singapore, and Shanghai.

After the Tokyo session, the forex market moves on to the London session, which starts at 8:00 AM GMT and ends at 5:00 PM GMT. The London session is the most active session, as it includes the major financial centers in Europe, such as London, Frankfurt, and Paris. During this session, traders focus on the major currency pairs, such as the EUR/USD, GBP/USD, and USD/CHF.

The final session is the New York session, which starts at 1:00 PM GMT and ends at 10:00 PM GMT. This session is also known as the North American session, and it includes major financial centers in the United States and Canada, such as New York, Chicago, and Toronto. During this session, traders focus on the major currency pairs, such as the USD/CAD, USD/JPY, and EUR/USD.

In conclusion, the forex market in Australia closes at 7:00 AM GMT on Monday, which marks the end of the Sydney session. However, traders can continue to trade during the Tokyo session, which starts at 12:00 AM GMT and ends at 9:00 AM GMT. It is important for traders to be aware of the forex market opening and closing times in their region, as this can affect their trading decisions. By understanding the different trading sessions and their respective opening and closing times, traders can make informed decisions and maximize their profits in the forex market.

970x250

Leave a Reply

Your email address will not be published. Required fields are marked *