We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bullish
USD/JPY
Bearish
Gold
Bullish
Oil - US Crude
Bearish
Bitcoin
Bearish
More View more
Real Time News
  • RT @BobOnMarkets: So, Bloomberg News just published its monthly survey of 21 or so Wall Street strategists on where they see the S&P 500 en…
  • $USDJPY Daily Pivot Points: S3: 107.96 S2: 108.33 S1: 108.55 R1: 108.93 R2: 109.08 R3: 109.45 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.39% 🇪🇺EUR: 0.17% 🇨🇦CAD: 0.14% 🇨🇭CHF: 0.00% 🇳🇿NZD: -0.09% 🇦🇺AUD: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/hETwZGND7E
  • This week's ECB meeting minutes should be interesting to watch especially in light of the US-China #tradewar. Stay tuned for more in-depth analysis.
  • You also have to take into account the demographic factor whereby the wide-spread graying of Europe (and soon the US) will further sap inflationary pressure. As people age, they spend less of their income because unlike their younger years, they aren't trying to accumulate stuff.
  • Europeans are going to have to find a way to reconcile that because cutting rates deeper into negative territory I don't think is going to give the same stimulative effect as when rates were higher. Plus they've already got QE going on indefinitely.
  • "Policymakers therefore have to find a way to reconcile maintaining the institutional integrity of the growth and stability pact – in order to prevent states from flirting with sovereign debt crises and wrecking the Eurozone – and letting members exercise greater fiscal autonomy"
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.43% Gold: 0.19% Oil - US Crude: -0.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/FnkOcMGqdx
  • $EURUSD Daily Pivot Points: S3: 1.0957 S2: 1.0999 S1: 1.1026 R1: 1.1069 R2: 1.1084 R3: 1.1126 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • RBNZ's Hawkesby says the OCR should be kept at a low level for some time $NZDUSD
Guest Commentary: Best Hours to Trade for Those Who Hate Surprises

Guest Commentary: Best Hours to Trade for Those Who Hate Surprises

2012-11-21 12:54:00
By Yohay Elam, Forex Crunch,,
Share:

Different hours of the day are characterized with different market behavior. This depends on the volume and also on the economic indicators that are released in every country.

Here are some better time spans to trade, in hours which see fewer surprises:

Times are GMT, during the winter in the northern hemisphere. For summer times, just subtract one hour.

  • 3:15 to 5:00: Unless there is a rate decision in Australia, these hours are quiet. Traders in Tokyo are not as enthusiastic as at the beginning of the session, Australian data is already out and the occasional Chinese data news release is also behind. The only potential risk is a rate decision in Japan, but this usually comes at a later hour. Europe is fast asleep.
  • 10:15 to 13:00: Up to 10:00, traders in London are more alert, especially at the beginning of the session. In addition, most UK data is released at 9:30, and European data releases (which are more spread out), are usually released up to 10:00 (ZEW for example). By 10:15, reactions to the data have already been made, and trading remains active, yet without too many surprises. At 13:00, traders in New York are already ready and potential surprises can be seen at 13:30, when the US releases data.
  • 23:00 to 1:00: After the US session closes, some caution is warranted. Liquidity is low and this is a good time for rating agencies to surprise markets with credit downgrades. Too often, these publications were made after markets closed in the US, but usually not long afterwards. However, by 23:00, it is reasonable to expect that thing will calm down and remain quiet until data is released in Australia and Japan.

Some traders seek the quiet hours for range trading, while others are looking for action and trading the news. The most liquid and busy hours are usually 13:00 to 16:00, when major US releases are scheduled, and trading volume is at its peak - overlapping of the European and US sessions.

What are your preferred times for trading? Do you prefer surprises or quiet times?

Further reading: 5 Most Predictable Currency Pairs

By Yohay Elam, ForexCrunch

Would you like to see more third-party contributors on DailyFX? For questions and comments, please send them to research@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.