Australian forex market hours - When does the market open on Sunday? - Beginner Questions - illinoisbowfishing.info Forex Trading Forum
The FX market technically never closes but there are some australian forex market hours global markets that influence when most retail brokers make trading available.
The first major market to open on "Sunday" is Sydney, Australia at 5: The Sunday trading day begins in Sydney, Australia at 5: Two hours later, at 7: Next, Singapore and Hong Kong open at 9: The Ausstralian markets open first in New York around 8: I hate alternative trading system rules nit-pick your post, but I think some confusion has been introduced into the discussion market hours forex australian "when the retail forex market opens".
Currently, time zones are: Your point about Australia being the first "major" market to open for the week is well taken.
australian forex market hours New Zealand which opens 2 hours ahead of Australia should be de-emphasized in this context, because its contribution to daily forex trading volume is tiny compared to the other markets. The 7 markets listed above are listed in geographical order from east to west.
This is the order in which they open on a daily and weekly basis. Notice the dramatic increase in trading volume from one market to the next, as daybreak moves westward from the relatively tiny 9 billion USD of New Zealand to the 1, billion USD of the London Session the lb gorilla of the forex market. I think it would binary options peak system instructive to australian forex market hours a graphic of these Session volumes, showing how they overlap in a hour trading day.
I'm going to work on that. Regarding trading hours, we have no plans to change trading hours and I'll let you know in advance if trading hours do change.
I have just identified serious errors in my last post.
I'll have to drastically edit the thing and I'll do that later today. But, first, Australian forex market hours want to make sure that you and I are using the same criterion for ausstralian "opening" of a trading session.
I use 8am, local time, as the "opening" time for retail forex in each market.
So, the Australian market opens at 8am, Sydney time; the Tokyo market opens at australian forex market hours, Tokyo time; etc.
Are you basing your time conversions on 8am, local time, as well? Using the 8am local time criterion, the Australian market currently opens at 6pm New York time not 5pm, as you stated in your previous post.
Using the same criterion, beginning October 2 when Australia goes onto daylight saving time, the Australian market will open at 5pm New York time not 4pm, as I stated in my last post. Finally, beginning November 6 when the U. Please let me know whether you are using 8am local time as the "opening" time for the australian forex market hours markets.
I hope we haven't created hopeless confusion for sandpiper7 the original poster. For my part, I should never attempt to grapple with time zones, rorex do time conversions, when I'm dead-tired.
You've opened a can of worms here, because time zones and time conversions always tend to be a can of worms! But why do quotes begin moving only at 1 pm ET on Sunday? At australian forex market hours Bloomberg website or at any website which displays interbank rates.
At following link "disallowed" and many others they show Sydney opening time same as mqrket have pointed above at 6pm ET GMT. So there you have it.
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