The three forex sessions
- Tokyo (Asian) session: quieter for EUR and GBP, active for JPY and AUD.
- London session: the largest share of forex volume; EURUSD, GBPUSD and gold wake up.
- New York session: US data, the stock-market open and the most volatile hours for indices.
Best time for each market
EURUSD and GBPUSD: London open and the London–New York overlap. USDJPY: Tokyo and New York. Gold: London open, New York open and US releases. NAS100, US30, SPX500: the first 60–90 minutes after the New York cash open. Crypto trades 24/7, with the most liquidity during US hours.
Times to be careful
The daily rollover around 21:00–22:00 UTC often has wider spreads and thin liquidity. Our loss limits reset at 00:00 UTC. The first minutes after a major release can gap through stop losses.