What Are the Trading Hours of the Forex?
The forex market is open and active 24 hours a day from the start of business hours Monday morning in the Asia Pacific time zone right up until the closing hours on Friday in New York. At any given moment, depending on the time zone, dozens of global financial centers – such as Sydney, Tokyo and London – are open, and currency trading desks in those financial centers are active in the market.
In addition to the major global financial centers, many financial institutions operate currency trading desks 24 hours a day, providing a constant source of interest in the market. It might be an American hedge fund in Boston that needs to monitor currencies around the clock, or it might be a major international bank with a global trading operation concentrated in a single financial center.
Currency trading does not stop even on holidays when other financial markets, such as stock exchanges and futures, are closed. Although it is a holiday in Japan, for example, Sydney, Singapore and Hong Kong may remain open.
It might be the 4th of July in the US, but if it’s a business day, Tokyo, London, Toronto and other financial centers will still be trading currencies. The only common holiday around the world is New Year’s Day, and even that depends on what day of the week it falls on.