The trading hours vary depending on the time zone, and daylight saving time (DST) can influence the opening and closing times. The Forex market operates 24 hours a day, five days a week, with four major trading sessions: Sydney, Tokyo, London, and New York.
Here’s a breakdown of the market sessions with and without daylight saving time (DST):
1. Sydney Session (Australia)
• Without DST: 10:00 PM – 7:00 AM (UTC)
• With DST: 9:00 PM – 6:00 AM (UTC)
2. Tokyo Session (Asia)
• Without DST: 12:00 AM – 9:00 AM (UTC)
• With DST: 11:00 PM – 8:00 AM (UTC)
3. London Session (Europe)
• Without DST: 8:00 AM – 5:00 PM (UTC)
• With DST: 7:00 AM – 4:00 PM (UTC)
4. New York Session (North America)
• Without DST: 1:00 PM – 10:00 PM (UTC)
• With DST: 12:00 PM – 9:00 PM (UTC)
Key Overlaps:
• London & New York Overlap: This is often considered the most active time in Forex trading, as both major financial centers are open.
• Without DST: 1:00 PM – 5:00 PM (UTC)
• With DST: 12:00 PM – 4:00 PM (UTC)
• Sydney & Tokyo Overlap: Occurs during the transition from the Sydney to the Tokyo session, leading to active trading in the Asia-Pacific region.
• Without DST: 12:00 AM – 7:00 AM (UTC)
• With DST: 11:00 PM – 6:00 AM (UTC)
Daylight saving time adjustments typically occur in March/April (when DST starts) and October/November (when DST ends).
The Forex market closes on Friday before the weekend at different times based on the final session (New York). In UTC time, the Forex market closes as follows:
• Without Daylight Saving Time (DST): The market closes at 10:00 PM UTC on Friday.
• With Daylight Saving Time (DST): The market closes at 9:00 PM UTC on Friday.
The market remains closed over the weekend and reopens on Sunday at 10:00 PM UTC without DST, or 9:00 PM UTC with DST, when the Sydney session begins.
It may be the case that a symbol has different opening/closing times based on changes of the broker.