Forex Market Hours - Table

The forex market is global and is open 24 hours a day on weekdays:

  • It opens at 0:00 CET (GMT + 2) on Monday
  • It closes at 22:00 CET (GMT + 2) on Friday
  • It's closed on Saturday and Sunday as most banks are shut and liquidity is low

There are four regional trading sessions:

  • Asia – Tokyo, Hong Kong and Singapore
  • Europe – Frankfurt and London
  • America – New York and Chicago
  • Pacific – Wellington and Sydney

Each session has unique characteristics; you need to understand these to get the most out of each market.

Asia

The most active currency pairs traded in this session are as follows:

  • USDJPY - US dollars to Japanese Yen
  • EURUSD - US dollars to Euros
  • EURJPY - Euros to Japanese Yen
  • AUDUSD - Australian dollars to US dollars

Europe

This is an active session, and there can be significant exchange rate fluctuations due to the trading volume of Euro-based financial instruments:

  • Volatility increases when the London market opens
  • Activity decreases during lunch
  • Activity rises again during the afternoon

America

The most active forex trading begins when New York opens and European traders return from lunch. The American session has the following characteristics:

  • Volatility is low since American and European banks have similar levels of influence
  • Volatility can increase once European markets close – especially on Fridays
  • Trading is aggressive

Pacific

Trading is quiet during the Pacific session.

When are the markets open?

All times are shown as CET (GMT + 2).

The schedule of trading sessions

Forex Market Hours
Region City Open Close
ASIA Tokyo 1:00 9:00
Hong Kong 2:00 10:00
Singapore 1:00 9:00
EUROPE Frankfurt 7:00 15:00
London 8:00 16:00
AMERICA Chicago 15:00 23:00
Chicago 15:00 23:00
PACIFIC Wellington 21:00 5:00
Sydney 21:00 5:00
banner-img

Facebook

Twitter

Google Plus

Risk warning: Trading foreign exchange (Forex Trading) and contracts for differences (CFDs) on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Please ensure you fully understand the risk involved before trading, and if necessary seek independent advice.

Copyright © 2015 LeTechs. All Rights Reserved.