Forex Global Session

Oct 10, 2008 // 2 comments // Categories: Trading Tools.

FOREX GLOBAL SESSIONS

Market Sydney Tokyo Hong Kong Moscow Frankfurt London N.Y. Chicago L.A.
Time Zone
AEST
JST
WST
EET
WET
GMT
EST
CST
PST
Australian Open 9:00 7:00 6:00 1:00 23:00 22:00 17:00 16:00 14:00
Japan economic news 10:50 8:50 7:50 2:50 0:50 23:50 18:50 17:50 15:50
Asian Open 11:00 9:00 8:00 3:00 1:00 0:00 19:00 18:00 16:00
Asian market close 14:00 12:00 11:00 6:00 4:00 3:00 22:00 21:00 19:00
European Open 18:00 16:00 15:00 10:00 8:00 7:00 2:00 1:00 23:00
European economic news 18:45 16:45 15:45 10:45 8:45 7:45 2:45 1:45 23:45
London Open 19:00 17:00 16:00 11:00 9:00 8:00 3:00 2:00 0:00
U.K. economic news 20:30 18:30 17:30 12:30 10:30 9:30 4:30 3:30 1:30
NewYork Open 0:00 22:00 21:00 16:00 14:00 13:00 8:00 7:00 5:00
U.S. economic news 0:30 22:30 21:30 16:30 14:30 13:30 8:30 7:30 5:30
European market close 4:00 2:00 1:00 20:00 18:00 17:00 12:00 11:00 9:00
U.S. market close 8:00 6:00 5:00 0:00 22:00 21:00 16:00 15:00 13:00

Tomorrow

Most Active

Yesterday

Forex Global Sessions

The global Forex market requires utilizes GMT (Greenwich Mean Time), which is the time at Greenwich, England.  GMT is used as the basis for standard time throughout the world and is therefore referred to as world time. Global economic events, such as unemployment rates and interest rate decisions, are scheduled according to GMT.  As an example, when the U.S. releases an economic report at 8:30 AM Eastern, it is 13:30 GMT (or 1:30 PM) in London, England. In a nutshell, GMT is a 24-hour clock from 0:00 to 24:00. Familiarity with GMT will help keep oneself aware of when certain trading opportunities may become advantageous, coinciding with world economic events.

Most Active – The most active world trading occurs from the opening of the European market until the unfolding of U.S. economic news.  This is represented by the light green section on the chart.  One reason this is the most active trading period is that it is when the highest number of world markets, banks, and financial institutions are opened.

Tomorrow / Yesterday – For a matter of convenience, an imaginary line known as the International Date Line is used to separate the Earth into two hemispheres, East and West. Based on the international date line, a trader in the New York may be trading one day apart from a trader in Sydney, Australia. In this instance, we highlighted in light blue the time-periods referred to as Tomorrow. Similarly, we highlighted in light brown the time-periods categorized as Yesterday.

Comment (2) | Leave a comment

  1. Why on the chart does Sydney open locally at 9:00 when everyone else opens locally at 8:00? Sydney is two hours from Wellington New Zealand, so I don’t think they are opening at the same time. Is there somewhere else in Australia that opens at 8:00? Is the chart correct?

    • Hello James,

      In the US, we just had day light savings time change. We moved forward, so this could be it. Not sure when Australia changes theirs.

      I hope that this helps.

      Good trading,
      Jason Fielder

      admin
      14/03/2011

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