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Euro open forex

euro open forex

The most actively traded currencies in the world, the euro and US dollar are underwritten by more than $1 trillion in goods and services trade annually. Euro ; Open $ ; Day Range - ; 52 Week Range - ; 5 Day. % ; 1 Month. %. In the European session, Frankfurt opens at AM and closes at AM, while the major London forex trading session opens at AM and closes at AM. VIM SEARCH AND REPLACE BETWEEN LINES POP-UP

To see major market hours in your own timezone, or your broker's charts time zone, use the forex market hours tools. There is a significant increase in the amount of movement starting at , which continues through to After this, movement each hour begins to taper off, so there are likely to be fewer big price moves that day traders can participate in. Day traders should ideally trade between and GMT. Trading outside of these hours, the pip movement may not be large enough to compensate for the spread or commissions.

Volatility changes over time, but the most volatile hours generally do not change too much. Note that daylight savings time may affect trading hours in your area. During this period, you'll see the biggest moves of the day, which means greater profit potential, and the spread and commissions will have the least impact relative to potential profit. London and New York are both open during this three-hour window. That means a lot of volume coming in from two major markets, so spreads are typically tightest during this time.

The London session is characterized by massive liquidity and high volatility. Many currency pairs make their biggest price moves during the London session. Most price advances and reversals happen during this session. The high liquidity also means that most currency pairs are traded with relatively thin spreads. The euro and pound sterling pairs are the best currencies to trade during the London session. Traders should also watch out for news from the European Central Bank and Bank of England, as well as important economic indicators from statistics agencies of the EU and countries such as Germany, the UK, France, and Italy.

The New York session also features high activity, especially during the early hours when it overlaps with the open London session. Most movements are driven by the US dollar, which is the most traded currency as well as the most influential in the Forex markets. Additionally, most news and events that impact the US dollar are typically released in the early hours of the New York open. However, volatility and liquidity tend to decrease during the latter half of the New York session.

When is the Best Time to Trade? The best time to trade will depend on you — the trader. Your availability, your time zone, or your trading style. For instance, if you want to target just a few pips in a low volatile environment, the Asian trading session will suit your well. But if you want high volatility and big price movements, it is best to trade during the London session or the early hours of the New York session. Your time zone and availability will also determine the best assets for you to trade.

If there is no restriction though, the general consensus is that the best time to trade is when the different trading sessions overlap.

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  • 2 comments

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