U.S. SESSION (NEW YORK): 8 A.M.–5 P.M. EST of FOREX

New York is the second largest FX marketplace, encompassing 19 percent of total FX market volume turnover according to the 2004 Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in April 2004, published by the Bank for International Settlements (BIS). It is also the financial center that guards the back door of the world’s FX market as trading activity usually winds down to a minimum from its afternoon session until the opening of the Tokyo market the next day.





The majority of the transactions during the U.S. session are executed between 8 a.m. and noon, a period with high liquidity because European traders are still in the market.