Global Forex Market Hours
Complete 24-Hour Trading Cycle Guide
Trading Sessions Timeline
Sydney/Asian Session
22:00 - 07:00 GMTMajor Characteristics
- Lower volatility environment
- Focus on AUD/USD and NZD/USD
- Regional economic data impact
- Range-bound trading common
Average Pip Ranges
- AUD/USD: 30-40 pips
- NZD/USD: 25-35 pips
- USD/JPY: 20-30 pips
Tokyo Session
00:00 - 09:00 GMTMajor Characteristics
- JPY pairs most active
- Asian market influences
- Bank of Japan updates
- Technical trading focus
Average Pip Ranges
- USD/JPY: 40-50 pips
- EUR/JPY: 45-55 pips
- GBP/JPY: 50-60 pips
London Session
07:00 - 16:00 GMTMajor Characteristics
- Highest liquidity period
- Major trend movements
- European news impact
- Key economic releases
Average Pip Ranges
- EUR/USD: 70-90 pips
- GBP/USD: 80-100 pips
- EUR/GBP: 50-70 pips
New York Session
12:00 - 21:00 GMTMajor Characteristics
- USD pairs most active
- High impact news events
- Strong volatility
- Institutional trading
Average Pip Ranges
- EUR/USD: 65-85 pips
- USD/CAD: 60-80 pips
- USD/CHF: 50-70 pips
Peak Trading Hours
13:00-16:00 GMT
London-NY Overlap
Highest Volatility
14:30 GMT
US News Releases
Daily Volume Peak
15:00 GMT
Mid-NY Session
Lowest Activity
22:00-23:00 GMT
Session Transition