Forex trading is a global market that operates 24 hours a day, five days a week. As a result, traders can trade currency pairs at any time of the day or night. However, the forex market is not open around the clock, and there are certain hours during which trading activity is particularly high. In this article, we will explore the trading hours of the forex market in Australia and discuss when the session ends.
Australia is one of the major forex trading hubs in the world, with a significant amount of trading activity taking place during the Asian trading session. The Asian session starts at 7 PM EST on Sunday and ends at 4 AM EST on Friday. During this time, the forex market is open in various countries across the Asia-Pacific region, including Japan, China, Australia, and New Zealand.
The Australian forex market is particularly active during the Asian trading session, with the Australian dollar (AUD) being one of the most-traded currencies in the market. The AUD is often used as a proxy for the Chinese yuan due to the close trading relationship between Australia and China. As a result, any news or economic data releases from China can have a significant impact on the AUD.
The peak trading hours in Australia occur between 9 PM and 2 AM EST, which is when the Sydney forex market is open. During this time, traders can expect higher volatility and increased trading activity in the AUD currency pairs. The New Zealand forex market also opens during this time, which adds to the volatility and liquidity of the market.
The Australian forex market closes at 4 AM EST on Friday, which marks the end of the Asian trading session. However, this does not mean that the forex market is closed for the weekend. The market remains open for trading during the European and North American trading sessions.
The European trading session starts at 3 AM EST and ends at 12 PM EST. During this time, the forex market is open in countries such as Germany, France, and the United Kingdom. The European trading session is known for its high liquidity and volatility, with the euro (EUR) being one of the most-traded currencies in the market.
The North American trading session starts at 8 AM EST and ends at 5 PM EST. During this time, the forex market is open in countries such as the United States, Canada, and Mexico. The North American trading session is also known for its high liquidity and volatility, with the US dollar (USD) being the most-traded currency in the market.
It is important to note that the forex market is not open on weekends, which means that traders cannot trade currency pairs during this time. However, some brokers offer weekend trading on specific currency pairs, such as the USD/JPY or the EUR/USD. Weekend trading is often accompanied by wider spreads and lower liquidity, which can increase the risk of trading.
In conclusion, the Australian forex market is open during the Asian trading session, which starts at 7 PM EST on Sunday and ends at 4 AM EST on Friday. The peak trading hours in Australia occur between 9 PM and 2 AM EST, which is when the Sydney forex market is open. The market closes at 4 AM EST on Friday, which marks the end of the Asian trading session. However, the forex market remains open for trading during the European and North American trading sessions. Traders should be aware of the trading hours in their respective time zones and adjust their trading strategies accordingly.
