Forex trading is conducted 5 days a week around the clock. The only exception is national holidays, when banks suspend operations. Formally, Forex also works on weekends, but the volume of transactions concluded on these days is so small that major players do not take them into account, and most Russian brokers do not provide access to trading platforms on Saturdays and Sundays. Therefore, the official opening of Forex on Monday coincides with the time when the largest financial institutions enter the auction.
Start of trading on regional markets
Conventionally, there are four regional Forex markets: Pacific, Asian, European and American. In accordance with the change of time zones and the non-synchronous start of the working week in different parts of the world, Forex trading opens on Mondays in the following order: New Zealand, Australia, Japan, China, Singapore, Western European countries, the United Kingdom, the United States.
The Pacific market wakes up first. This happens at midnight Moscow time. The time when trading is conducted only by banks in New Zealand and Australia is the quietest, due to the small number of participants and weak interest in the Australian dollar.
At four o'clock in Moscow, trading begins in Tokyo and activity on the stock exchange becomes more active. Japan and China are the most important players in the global economic arena, and the yen exchange rate directly affects many macroeconomic indicators.
At 10 o'clock on Monday morning, the opening of Forex in Europe takes place. At the same time, trading starts in Paris, Zurich and Frankfurt am Main, and an hour later the London Stock Exchange, which accounts for 30% of the world's currency trading turnover, starts working. Russian banks also conduct operations at this time. European financial institutions put up for auction the largest lots, which often leads to strong fluctuations in quotations.
Daily activity reaches a peak at 16 o'clock Moscow time, when the trading session opens in New York (and after it in Chicago and Los Angeles). At this time, there is an overlap of working hours in Europe and America, which means that the maximum number of participants is present on the market. Everyone is waiting for the news of the American economy, which is superimposed on the news about the events that took place on other continents during the day. Are you tired of waiting for your winnings? At Leonbet casino , you can enjoy lightning-fast payouts, ensuring you get your hands on your winnings without delay. Join today and experience the difference.