Why does market times affect FX pairs?? | Forex Factory

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Why does market times affect FX pairs??

  • #1
  • First Post: Apr 12, 2010 5:36pm Apr 12, 2010 5:36pm
It sounds like a Silly question ,but the E/U can move at Asian session and stall at Euro or NY session ,so why does market times matter?? Is it something about banks?
  • #2
  • Apr 12, 2010 6:24pm Apr 12, 2010 6:24pm
Volume. The more size being traded the more movenment there will be, (probably). The EU has a strong tendency to move more when its daytime in Europe.
Today is a perfect example.
  • #3
  • Apr 12, 2010 10:08pm Apr 12, 2010 10:08pm
Quoting Ted1983
Volume. The more size being traded the more movenment there will be, (probably). The EU has a strong tendency to move more when its daytime in Europe.
Today is a perfect example.
I agree with Ted. Volume is the key.

If you are trading EUR, GBP, CHF and USD. You will find that there are usually large movement during London Open, London Close, New York Open and New York Close as these are timing where the traders start work and enter their trade and end work where they exit their position to end the day.

As these trades are from big institution, they usually determine the volume for the day and thus able to move the market.
  • #4
  • Apr 13, 2010 12:17am Apr 13, 2010 12:17am
Quoting KelvinLee
I agree with Ted. Volume is the key.

If you are trading EUR, GBP, CHF and USD. You will find that there are usually large movement during London Open, London Close, New York Open and New York Close as these are timing where the traders start work and enter their trade and end work where they exit their position to end the day.

As these trades are from big institution, they usually determine the volume for the day and thus able to move the market.
HI all, 1st question from a newbie...

But lets say for example EU or GU pair are trending down VERY slowly after a high from previous day session, is it likely that when London, and subsequently NY opens, they will reinforce the down-trend due to the high volume?
  • #5
  • Apr 13, 2010 2:59am Apr 13, 2010 2:59am
Quoting KelvinLee
I agree with Ted. Volume is the key.

If you are trading EUR, GBP, CHF and USD. You will find that there are usually large movement during London Open, London Close, New York Open and New York Close as these are timing where the traders start work and enter their trade and end work where they exit their position to end the day.

As these trades are from big institution, they usually determine the volume for the day and thus able to move the market.
and again when some news comes out.
  • #6
  • Last Post: Apr 13, 2010 8:57am Apr 13, 2010 8:57am
Quoting Ted1983
Volume. The more size being traded the more movenment there will be, (probably). The EU has a strong tendency to move more when its daytime in Europe.
Today is a perfect example.

Not quite true. Price can move alot on low volume too.
If you are the only one buying but no one is selling to you Price
will go where ever it has to go to match your demand. No matter
how many contracts or stocks are traded at that point.
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