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What Are The Forex Trading Hours?

Jon — Wed, 27 Feb 2008 03:51:04 +0000

The Forex market is open 24 hours a day 5 days a week. This provides traders the opportunity to place trades at any time of the day or night. As we cannot all stay up 24 hours a day to trade Forex there are certain hours of the day where the market is relatively quiet.

The best time to trade the Forex market is when there is plenty of action and a large volume of trades, during these times currencies make their big moves providing the Forex trader with opportunities to profit.

There are several major Forex trading sessions, these are; New York, London, Sydney and Tokyo. The biggest currency moves and volume generally occur when two of these markets overlap.

The Forex Trading Hours are therefore (in EST);
New York / London – 8:00 am – 12:00 noon
Sydney / Tokyo – 7:00 pm – 2:00 am
London / Tokyo – 3:00 am – 4:00 am

The most active currency pairs in these hours are as follows;
New York/London
- EUR/USD
- USD/CHF
- GBP/USD
Tokyo/Sydney
- EUR/JPY
- AUD/USD
- USD/JPY
- AUD/JPY

Using this information you can determine which currency pairs should be traded for each trading session to maximize your chance of finding profitable trades.

The most active days for trading Forex are: Tuesday, Wednesday and Thursday. The Sunday opening and Monday are generally low volume days as traders are using the time to analyze the market and determine strategies for the coming week. Friday can also be a low volume day with most trading completed before noon, as traders close positions and knock-off for the weekend.

CMS Forex Targets Forex Traders In Commercial

Jon — Thu, 10 Jan 2008 11:02:03 +0000

CMS Forex was founded in 1999 and is a retail Forex broker based in New York. CMS Forex has established a place in the Forex trading community with a commitment to state of the art technology, fair dealing and excellent customer service. In 2006 CMS Forex was recognized by Inc 500 magazine as being one of the fastest growing companies in 2006.

Forex Trading has traditionally been advertised through infomercials and on the internet, CMS is one of the first in the industry to target investors through advertising on broadcast media in the United States, and they have been rewarded for their innovation. CMS Forex announced today that it won the prestigious Advision multimedia award in the Financial Services category for its commercial titled “Enter the Forex Arena”. The ad was designed by CMS Forex to expand their range of investors. The commercials last either 60 or 30 seconds and portray the Forex market as being a gladiator-like competition. The commercials draw investors in by showing the excitement of Forex trading.

Dollar (USD) Gain on Euro, GBP, Yen…

Jon — Thu, 22 Jun 2006 13:44:41 +0000

The USD drifted higher against major rivals as dealers monitored the outlook for interest rates, while the GBP also weakened on news that a Bank of England policymaker had suddenly died.

The Euro fell to 1.2637 dollars in early European trading from 1.2659 dollars late on Wednesday in New York.

The USD climbed to 115.14 yen from 114.86 yen on Wednesday.

In Asian trading, the USD had extended losses ignited Wednesday after European Central Bank chief Jean-Claude Trichet raised expectations for further rate increases in the eurozone.

Despite a slight rebound, “the dollar remains under selling pressure against the euro, pound and Swiss franc”, said Derek Halpenny, senior currency economist at The Bank of Tokyo-Mitsubishi in London.

However the US currency remains stable against the yen as speculation grows of a Japanese rate hike in July, he added.

Meanwhile sterling fell against rivals after David Walton, the only Bank of England policymaker to call for an increase in British interest rates earlier this month, died suddenly late Wednesday.

“It is with great sadness that the Bank of England has learnt that David Walton, an external member of the Monetary Policy Committee, died yesterday evening, unexpectedly and after a short illness,” the central bank said in a statement. Walton was 43.

The Bank of England’s rate-setting MPC voted 7-1 to keep British borrowing costs at 4.50 percent, minutes of the June 8 meeting showed on Wednesday. It was the tenth month in a row that the BoE froze its key “repo” rate — the rate at which the central bank lends to commercial banks.

The market meanwhile turned cautious on the yen, which had risen earlier this week as Bank of Japan governor Toshihiko Fukui sparked fresh speculation of an end to the central bank’s unconventional zero-interest rate policy.

The euro was changing hands at 1.2637 dollars against 1.2659 on Wednesday, 145.50 yen (144.74), 0.6871 pounds (0.6838) and 1.5635 Swiss francs (1.5593).

The dollar stood at 115.14 yen (114.86) and 1.2370 Swiss francs (1.2355).

The pound was being traded at 1.8393 dollars (1.8456).

SOUCE: AFP