Here’s a list of the most volatile hours for forex trading for each of the 8 major currencies:
- Australian Dollar: 01:30 GMT. This is the time when most indicators are published. 04:30 also sees some indicators.
- Swiss Franc: 07:15 GMT. While this is the strongest hour, publications happen many times at 7:00 or at 7:30, aroung the major hour.
- British Pound: 8:30 GMT. Here, the timing is quite strict. Almost all the indicators are published at this hour. Only few indicators are not exactly at this time. 23:00 GMT (midnight in Britain) is also notable for some releases, but the major ones are at 8:30 GMT.
- Euro: 9:00 GMT. European indicators often come from Germany and France, and therefore the hours vary. Indicators start as early as 6:00 and end no later than 10:00.
- Canadian Dollar: 12:30 GMT. Similar to its neighbor in the south, Canada releases many figures at this time. Note that the releases vary in Canada: some indicators are released as early as 11:00 GMT, and as late as 14:00 GMT.
- US Dollar: 12:30 GMT. Most indicators, including the king – Non-Farm Payrolls are published at this time, one hour before the stock exchange opens. More than a few publications are made at 14:00 GMT, an hour and a half later. These 90 minutes are very volatile. Trading volume is very high. Banks in New York, London and all across Europe are trading at this time.
- New Zealand Dollar: 22:45 GMT. In New Zealand, this is the most popular hour. Another hour that concentrates data is 21:00 GMT.
- Japanese Yen: 23:50 GMT. This is very significant. Almost all the indicators are published at this time. Only a small group of releases are made at different times, with 23:30 being the most frequent.
Note that all the times were made during the summer in the northern hemisphere. You should shift one hour down during the winter.
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