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A Global Market
Forex market operates globally 24 hours
a day, starting from the far east, in New Zealand (Wellington),
passing the time zones in Sydney, Tokyo, Hong Kong, Singapore, Moscow,
Frankfurt-on-Main, London, then finishing the day in New York and Los
Angeles.
The western investment and commercial banks starts at 7:30 am local
time. The most active deals are done is the far east, consisting of
transactions in U.S. Dollar to the Japanese Yen, the U.S. Dollar to
the European Euro, Euro to Yen, and the Dollar to the Australian
Dollar. The focus often lies on the USD/JPY exchange rate, especially
when the market rumors about intervention by the Japanese Central
Bank.
At 7:00 am GMT time, the market in the European financial centers of
Zurich, Frankfurt-on-Main, Paris, Luxembourg are open. However, the
real powerful movement of the exchange rate starts after 8:00 am GMT
time, when the London market is opened.
At 12:00 pm, GMT time the market is open. American bank dealers start
working, and European dealers are back from their lunch. Forex dealers
look forward to the opening of the New York market in order to receive
fresh data about a possible movement of the rate.
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US/CDN MARKET |
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ASIAN MARKET |
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EUROPE |
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EUROPE |
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PST |
5a |
6a |
7a |
8a |
9a |
10a |
11a |
12p |
1p |
2p |
3p |
4p |
5p |
6p |
7p |
8p |
9p |
10p |
11p |
12a |
1a |
2a |
3a |
4a |
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EUR/USD |
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USD/CHF |
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USD/JPY |
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USD/CAD |
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US/CDN MARKET |
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ASIAN MARKET |
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EUROPE |
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EUROPE |
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24 Hour Access to the World
Select the forex market, select the time, and start trading. The
massive liquidity of forex, combined with a true 24-hour forex market
that's traded 5.5 days a week, offers you exceptional independence and
forex currency trading when you want to, not when the market wants you
to. The forex market literally follows the sun around the world,
moving from major banking and financial centers of the United States
to Australia and New Zealand to the Far East, to Europe and finally
back to the United States.
During each trading day, overall foreign currency trading volume is
determined by what markets are open and the times each of these
markets overlap one another. With each passing second, minute and
hour, forex currency trading volume remains high, but peaks highest
when the British, European and U.S. markets are open at the same time
- from 1 p.m. GMT to 4 p.m. GMT. The volume of the Pacific Rim
markets, such as Japan and Hong Kong, subsides compared to the crest
of the U.S. market, but still offer the forex trader the ability to
analyze the highly traded Pacific Rim currencies.
Forex Open Market Time and Volume (*
time displayed as EST)

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