Sessions and events
New York session
The US trading window, roughly 08:00 to 17:00 Eastern time. Most scheduled US data lands at its start, which makes the first ninety minutes the most volatile stretch of the trading day.
GFN’s figure
Most high-impact US releases land in this session, and on a GFN funded account profits from trades opened or closed within 3 minutes either side of a relevant release may be removed.
In detail
New York session,explained
The New York morning carries the US data calendar and the US equity open within a couple of hours of each other, so index and dollar instruments both move fastest here.
The afternoon, after London closes, is a different market: thinner, slower and more prone to drift than to trend.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
London session
The European trading window, roughly 08:00 to 16:30 UK time. It is the highest-volume session in forex, and the one where the euro and sterling pairs do most of their daily range.
Session overlap
The hours when two trading sessions are open at once. The London-New York overlap, roughly 13:00 to 16:30 UK time, carries the highest volume and the tightest spreads of the day.
Non-farm payrolls
The monthly US employment report, released on the first Friday of the month at 08:30 Eastern. It is the single most disruptive scheduled release for dollar pairs, gold and US index instruments.
FOMC
The Federal Open Market Committee, the body that sets US interest rates. Its scheduled decision, written statement and press conference move every dollar-denominated market, usually in two distinct waves about half an hour apart.
Market open
The moment an instrument begins trading for a session. Opens concentrate order flow that built up while the market was closed, which is why volatility spikes and spreads take time to settle.
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