Forex Market Hours Clock
Quickly see what trading session is taking place with the Forex clock. The Forex market moves between 3 different trading sessions; US, European, and Asian. The clock gives you a quick look at which session is currently underway, when it will end, and when the next session will begin.
How To Use This Tool
Forex is open 24 hours a day, and as such, is split into different trading sessions. The sessions are based on time-zones, and each represents a different part of the world and the traders/investors within.
The three sessions: US, European, and Asian all last for 9 hours, with each overlapping the start of next.
During each session, the traders and investors active in their respective time-zones trade the market. Typically. they’ll focus on the currencies represented by their timezone – so US traders mainly focus on Dollar pairs, for instance – but they’ll often trade other currencies too depending on what the situation is.
Understanding The Three Sessions And Their Effect On The Market
Understanding which session is underway and its effect on the market is important.Certain sessions are more/less volatile than others, and session changes sometimes bring a burst of volatility into the market, which often results in significant price movement that can impact your trades.By knowing when these changes are coming, you have some idea of when things could get a bit crazy and can use that information to aid your decision making.
Beginning midway through the Asian session at 7 am, the European trading session is the main session of the day, featuring the open of major markets like London, Lisbon, and Pairs. The session ends around 4 pm, though it does sometimes continue to 5 pm.
The European session encompasses the UK and all EU countries, so expect to see lots of movement on Eur and Gbp pairs.
The US session gets underway at 1 pm, just after the London traders come back from lunch. This is typically the most volatile session of the day. The overlap between the US and European traders creates a lot of movement, which is only heightened by the various EU and US news announcements that release in the afternoon.The session ends at 10 pm each day and is the last session before the weekend gets underway.
The Asian trading session is the first of the week, beginning when the market re-opens on Sunday night.The session begins at 11 pm every night (or day depending on where you are) and ends at 7 am in the morning. It sees the open of several major markets, with the main ones being Tokyo, Australia, Russian, and China. Given the countries it includes, the Asian session usually sees movement on Aud, Chn, Rub, and Jpy pairs, as well as a bunch of other lesser-known currencies.