The forex market is the largest financial market in the world and it operates 24 hours a day, five days a week. The market is divided into three main trading sessions: Asian, European, and US sessions. The US session is the most active of the three and it is characterized by high liquidity and volatility. In this article, we will explain what time the US session opens in forex.
The US session in forex opens at 8:00 AM Eastern Time (ET) and closes at 5:00 PM ET. This is the time when the New York Stock Exchange (NYSE) opens and the majority of US-based financial institutions start their trading day. The US session overlaps with the European session for a few hours, which leads to increased trading activity and volatility.
The US session is important for forex traders because the US dollar is the most traded currency in the world. The US economy is also the largest in the world, and any news or events related to it can have a significant impact on the forex market. For example, the release of economic data such as the US non-farm payroll report can cause a lot of volatility in the market.
The US session also sees a lot of trading activity in other major currency pairs such as the EUR/USD, GBP/USD, and USD/JPY. These pairs are heavily influenced by the US economy and any news or events related to it.
It is important to note that the US session is not the only time when the forex market is active. The Asian session, which starts at 7:00 PM ET and ends at 4:00 AM ET, is also an important trading session. This session is characterized by low volatility and liquidity, but it is still important because it overlaps with the European session and can lead to increased trading activity.
The European session, which starts at 3:00 AM ET and ends at 12:00 PM ET, is the second most active trading session after the US session. This session is characterized by high liquidity and volatility, especially during the first few hours when it overlaps with the Asian session.
In conclusion, the US session in forex opens at 8:00 AM Eastern Time (ET) and closes at 5:00 PM ET. This is the most active trading session in the forex market and it is important for forex traders because the US dollar is the most traded currency in the world. The US session is not the only time when the forex market is active, but it is the most important. Traders should be aware of the different trading sessions and how they overlap to take advantage of trading opportunities.
