Unlike other trading markets, the 24-hour market does not have a centralized exchange, but trades and settlements are conducted through banks and other dealers.
The main trading session starts Monday in New Zealand and ends Friday in the United States.
There was also some trading in Middle Eastern markets over the weekend.
The New Zealand trading week will begin at 5 am Beijing time (DST) on Monday.
The opening in Japan at 8 a.m. marks the start of trade in the Asia-Pacific region.
An hour later, Singapore and Hong Kong followed suit.
Deutsche Bank took over the baton after Asia-Pacific markets closed at 2pm and opened the European trading session.
At 3 p.m., London joins the European market.
Then the New York market at 8 p.m.
The US session lasted until the close of the next day, perfectly coinciding with New Zealand’s reopening.
Major markets in Australia, Asia, Europe and the Americas are connected to each other, so you can choose the right foreign exchange market to trade in at any time of the trading day.
Every market in the world is independent and affects each other.
Due to different time zones, each foreign exchange market opens and closes during business hours.
The end of the previous market usually sets the tone for the opening of the next market.
The London Market Main International market: As a traditional global financial centre, banks tend to start trading in large blocks after the opening of the London foreign exchange market.
New York Market: Because the U.S. stock market is the world’s largest capital flow center, the New York foreign exchange market is also the world’s most active foreign exchange market.
Tokyo Market: Although the Tokyo Foreign Exchange market is the smallest of the three foreign exchange markets, it is the largest foreign exchange trading market in Asia.
Prime Trading Hours The overlapping trading hours of two foreign exchange trading zones are often referred to as “prime trading hours”.
The “prime trading hour” is the most active time of the day because the market trades more when both markets are open at the same time.
For example, the overlap period between Asian and European markets (3:00 PM to 4:00 PM Beijing time) and the overlap period between European and North American markets (8:00 PM to 12:00 am Beijing time) is a dense area of countries and also the period with the most bulk transactions.
This is when market volatility is most frequent.
In general, local trading hours are more active in local markets.
When Asian markets opened,, fluctuated sharply;
When the European market opened up,, and became more active;
And were more volatile when the U.S. market opened.
The ups and downs of the pandemic dented risk appetite, the dollar strengthened gold fell, and oil prices fell more than 2%.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
