The forex market, which operates 24 hours a day, five days a week, is the largest financial market in the world. It is a platform where traders from different parts of the world buy and sell currencies, making it a global marketplace. The forex market operates from Sunday at 5:00 pm EST to Friday at 5:00 pm EST. However, the market hours vary, depending on the country and the trading session.
The forex market is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. Each of these sessions has its unique characteristics that affect the market’s volatility and liquidity. The New York session is the most active session, which is why most traders focus on this session.
So, when does the US forex market close today? The answer to this question is not straightforward, as the trading hours vary depending on the location and the time of the year. The US forex market refers to the trading activity that takes place in the United States. The forex market in the US is regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA).
During the summer months, the US forex market closes at 5:00 pm EST on Friday and opens at 5:00 pm EST on Sunday. However, during the winter months, the US forex market opens at 6:00 pm EST on Sunday and closes at 5:00 pm EST on Friday. This is due to the daylight saving time (DST) changes that occur twice a year in the US.
It is essential for traders to keep track of the forex market’s opening and closing hours, as this affects the trading opportunities and market volatility. For instance, the forex market tends to be more volatile during the overlapping periods of the London and New York sessions, as these are the two most active sessions. This is when traders can take advantage of the high liquidity and volatility to make profits.
Moreover, traders should also consider the economic calendar when planning their trading activities. The economic calendar lists the significant economic events and data releases that can affect the currency markets. These include the release of central bank interest rate decisions, inflation data, employment data, and GDP data, among others. Traders should avoid trading during these events as the market can be highly unpredictable and volatile.
In conclusion, the US forex market closes at different times depending on the time of the year. During the summer months, it closes at 5:00 pm EST on Friday and opens at 5:00 pm EST on Sunday. During the winter months, it opens at 6:00 pm EST on Sunday and closes at 5:00 pm EST on Friday. Traders should keep track of the market opening and closing hours and the economic calendar to maximize their trading opportunities and minimize their risks.
