When Does Forex Market Open?

There is no officially designated starting time to the trading day or week, but for all intents the market action kicks off when Wellington, New Zealand, the first financial centre west of the international dateline, opens on Monday morning local time. Depending on whether daylight saving time is in effect in your own time zone, it roughly corresponds to early Sunday afternoon in North America, Sunday evening in Europe, and very early Monday morning in Asia.

What Time Forex Market Open

What Time Forex Market Open

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The Sunday open represents the starting point where currency markets resume trading after the Friday close of trading in North America (5 p.m. Eastern time). This is the first chance for the forex market to react to news and events that may have happened over the weekend. Prices may have closed New York trading at one level, but depending on the circumstances, they may start trading at different levels at the Sunday open.

The best way to keep track of market is to visit http://fxtrade.oanda.com/resources/fxmarkethours/ . You can also download their Yahoo widget for your desktop.

Chris Farnworth is an independent Forex and Commodity trader with many years’ experience under his belt. He travels and works from around the world trading and writing content for various websites and blogs. In his spare time he enjoys scuba diving and surfing.

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7 Responses to “When Does Forex Market Open?”

  1. AnnHie 21 October 2008 at 2:13 pm #

    Hi.

    Great job. But not enought info. Where can i read more?

    Thanks. Yours Anne!

  2. admin 24 October 2008 at 9:27 pm #

    Hi Anne,

    I would recommend to use Oanda Link from the post above. They also have yahoo widget that you can install on your desktop.

    Regards

    FirePips Team

  3. benoit 10 February 2010 at 12:12 am #

    thanks firepips,
    just want to know (sorry for my english, 'im french)
    we know that there is correlation between currency (example : EUR/USD and GBP/USD). my question is : is some corrlation for a currency between the open times. example to be more clear with my poor english . example if i take USDJPY, If the tokyo session finish by a bearish situation, can we make deduction about the new york session for USD/JPY?
    then more globaly; have we correlation between market session and a pair currency? and if YES, with witch session and currency.
    Thanks in advance.

    • FirePips 10 February 2010 at 1:47 am #

      Hi Benoit,

      Your English is great. From my experience the correlation between pairs doesn't work great in long term. If you want to look at correlation then look between commodities and Forex pairs. For ex Gold & Oil and CAD & AUD. Also look at Dollar Index vs USD pairs.

  4. benoit 10 February 2010 at 9:35 pm #

    ok thanks firepips, then no way to make correlation between one trade periode to another one for the same pair currency or commodities :(
    juste to know : where can i see commodities variation or charts (like in metatrader for pair of currency)
    thanks again firepips for all your website who is really helpfull for newie like me. And thks also for sharing signals :)
    all the best

    • FirePips 10 February 2010 at 10:24 pm #

      You can try SIGTrader, there MT4 contains more than just Forex pairs.
      Please note that I am not recommending them for live trading since I've not traded on their platform and I don't know much about that company.

  5. benoit 11 February 2010 at 2:27 am #

    ok i will have a look, thanks for yours good advices :)


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