Forex Market Timings and Major Trading banks:
Forex markets are open 24 hours a day from Sunday afternoon EST (Eastern Standard Times) to Friday afternoon EST. In the 5 days of week, there is always one financial market open all the time, when one market close other remains open. For e.g. when London market close New York market remains open, when New York market close then Australian Market open that’s why there is no opening bell in the Forex Market.
Forex Markets starts in New Zealand, followed by Australia, Asia (and particularly Japan), the Middle East, Europe (with London being the main financial center) and America. Practically Speaking, Forex Markets never stop.
Best Trading Hours to Trade:
The answer is simple the best time to trade or the best time to take position when most of the markets are open because the volumes are high at that particular point of time and the most of the traders are active. As everyone knows that forex is a 24 hours market so the best entry point for trader is when several countries are trading at the same time. Across the world, the forex market operates from 8 A.M to 4 P.M. Hence to take advantage of heavy volume traders can take trades when the forex market hours in different countries are overlapping.
Market
Open (EST)
Close (EST)
Great Britain
3 A.M
11.00 AM
New York
8 A.M
4 P.M
London
2 A.M
12 Noon
Australia
7 P.M
3 A.M
Tokyo
8 P.M
4.00 AM
Singapore/Hong Kong
9 P.M
5 A.M
Frankfurt
2 A.M
10 A.M
Major Central Banks List:
Argentina
Central Bank of Argentina
Australia
Reserve Bank of Australia
Austria
Austrian National Bank
Bahrain
Bahrain Monetary Agency
Belgium
National Bank of Belgium
Brazil
Central Bank of Brazil
Bulgaria
Bulgarian National Bank
Canada
Bank of Canada
Chile
Central Bank of Chile
China
The People’s Bank of China
Colombia
Bank of the Republic
Czech Republic
Czech National Bank
Denmark
Bank of Denmark
Estonia
Bank of Estonia
Finland
Bank of Finland
France
Bank of France
Germany
Deutsche Bundesbank
Greece
Bank of Greece
Hong Kong SAR
Hong Kong Monetary Authority
Hungary
Central Bank of Hungary
India
Reserve Bank of India
Indonesia
Bank Indonesia
Ireland
Central Bank and Financial Services Authority
of Ireland
Israel
Bank of Israel
Italy
Bank of Italy
Japan
Bank of Japan
Korea
Bank of Korea
Latvia
Bank of Latvia
Lithuania
Bank of Lithuania
Luxembourg
Central Bank of Luxembourg
Malaysia
Central Bank of Malaysia
Mexico
Bank of Mexico
Netherlands
Netherlands Bank
New Zealand
Reserve Bank of New Zealand
Norway
Central Bank of Norway
Peru
Central Reserve Bank of Peru
Poland
National Bank of Poland
Philippines
Bangko Sentral ng Pilipinas
Portugal
Bank of Portugal
Romania
National Bank of Romania
Russia
Central Bank of the Russian Federation
Saudi Arabia
Saudi Arabian Monetary Agency
Singapore
Monetary Authority of Singapore
Slovakia
National Bank of Slovakia
Slovenia
Bank of Slovenia
South Africa
South African Reserve Bank
Spain
Bank of Spain
Sweden
Sveriges Riksbank Statistics Sweden
Switzerland
Swiss National Bank
Taiwan, China
Central Bank of China
Thailand
Bank of Thailand
Turkey
Central Bank of the Republic of Turkey
United Kingdom
Bank of England
United States
Federal Reserve Bank of New York
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