GMT
Tokyo: 0.00 - 9.00
London: 8.00 - 17.00
New York: 13.00 - 21.00
Eastern Standard Time
Tokyo: 19.00 - 4.00
London: 3.00 - 12.00
New York: 8.00 - 16.00
The time zones, by stating:
Generally speaking, the first market to begin trading is in the Asia-Pacific zone with the New Zealand and Australian markets. Their opening is followed by Asian financial centers in Japan, Singapore, and Hong Kong. Then, the European markets open in Switzerland, Germany and London. When the Asia-Pacific and Asian markets end their business day, the market activity flows into the opening hours of Canada, followed by the New York session. Just before the New York session ends, another trading day begins in the Asia-Pacific zone.
Thus, it is important to strategize your local time according to the around-the-clock activities of the Forex markets, in order to maximize your potential profits from the market movements.
The two most active times through a full 24-hour market day are the London and New York sessions. The reason is that the major currencies like the Pound (GBP), Euro (EUR) and Dollar (USD) move most frequently in these two sessions. This coincides with the impact of each currency's regularly released of economic figures.
In summary, we may conclude that the first market to begin operation every week is the New Zealand market early Monday morning and the last market to close at the end of the week on Friday afternoon is the New York market. In Asia, this means that the weekly round-the-clock operation of the Forex market begins in the wee hours of Monday morning and runs to Saturday morning. Dar Wong comments fxstreet.com