Since Ellipsys offers trading not only FX currencies pairs, but also indices, metals, energies, and CFDs, trading hours of a single trading instrument may differ. Please see the schedule of market hours for various trading instruments:
|Name||Monday (GMT+3)||Tuesday (GMT+3)||Wednesday (GMT+3)||Thursday (GMT+3)||Friday (GMT+3)|
|All FX pairs||00:01-23:59||00:01-23:59||00:01-23:59||00:01-23:59||00:01-23:58|
The foreign exchange market has specific working hours. There are several Forex trading sessions with different schedules. During each session, there is a certain currency that experiences high volatility.
|Session||City||Open (EET*)||Close (EET*)|
Forex starts its working hours when the Pacific session opens on Monday local time. This session is characterized by rather low volatility, and, as a matter of fact, this is the most peaceful time in the market.
The Asian session follows the Pacific session. Currency pairs that include USD, EUR, JPY, and AUD are traded actively during these hours. The high trading volume of AUD takes place due to the intersection of the working time of this session with the Pacific one.
The opening of the European session starts in financial centers such as Frankfurt, Zürich, and Paris. Trading gets even more active when it comes to London. The activity fades away during lunchtime but then resumes by evening. Fairly strong volatility may be noticed during the European session because the European zone has a large money turnover.
The most active time in the foreign exchange market is the beginning of the American session because it reaches the opening hours in New York and the renewal of trading in Europe. Fundamental news of high importance is released at the beginning of the American session. It is characterized by high activity especially on Friday before the trading is closed.
To make use of knowing the Forex trading hours, mind the following tips: