New York trading session

Just after European traders returned from lunch break, the US market was trading in the morning Eastern Time8:00As the market opened, investors began to enter the office one after another.

Just like the Asian and European markets, the US market also has a major financial center.

Of course, we're talking about the 'never-ending city' - New York City, baby!Of course it's New York! It is the place where dreams begin!

The following is the spread volatility range of major currency pairs during the New York period.

These point values are calculated using the average of past data. Please note that these are not absolute values and may vary depending on liquidity and other market conditions.

In addition, the euro/The duration of the Swiss franc meeting has not yet been included, as the Swiss franc was pegged to the euro during this period1.2Ten thousand euros.

Here are the key trading points you should know during your time in New York:Here are some tips you should know about trading during the New York session:

★ The early market has high liquidity as it overlaps with the European period.

★ The vast majority of reports are released near the opening of the New York session. Remember, in all transactions, approximately85%Both involve the US dollar, so whenever US economic data is released, it may lead to market fluctuations.

★ Once the European market closes, market liquidity and volatility will significantly decrease in the afternoon of the US session.

★ The volatility at the end of the Friday New York trading session is very low as traders from Asia start spending weekends, while traders from Europe also start watching football matches.

Also on Friday, there is a possibility of a market reversal in the latter half of the New York session, as traders from the United States choose to close their positions before the weekend in order to reduce their potential risk exposure due to weekend news factors.

Which currency pair should you choose?Which Pairs Should You Trade?

Note that due to the overlap of trading periods in the United States and Europe, the liquidity in the market during this period will be very significant. You can bet that banks and multinational corporations will blow up their phone numbers. This allows you to trade any currency pair, but it is best to trade more common currency pairs and avoid those with strange trends.

Meanwhile, due to the fact that the US dollar is on the other side of the vast majority of transactions, everyone closely monitors US economic data to see if it is better or worse than expected, as this may cause dramatic fluctuations in the market, with the US dollar experiencing significant fluctuations after major data releases.

Are you beginning to wonder when each time slot actually opens? We will answer your questions and clarify your doubts in the next lesson.