North American Session Overview
Time zone
01:00 pm - 09:00 pm
(from the start of the business day on NYSE and NASDAQ, to the end of the New York session)
New York, the leading U.S. Market (the second largest Forex marketplace, 19% of total Forex market volume), Chicago and Toronto (Canada) open the North American session.
It is characterised by the most aggressive trading within markets and it gets even more aggressive on Friday before the trading is closed. Currency pairs show high volatility and traders either take the most profits, or experience significant losses.
The beginning of the American session is the most active time on the Forex market:
- as U.S. markets open, trading is still in action in Europe.
- important American and Canadian fundamental news and economic reports are released.
Trading volume usually decreases with the end of the European session and the U.S. - European Overlap.
Best time to trade:
U.S. - European OverlapTraded Currency Pairs
Risk-tolerant traders prefer GBP/USD, USD/CHF, GBP/JPY, and GBP/CHF (daily ranges ca. 120 pips).
Risk-averse traders prefer USD/JPY, EUR/USD, and USD/CAD.
Keep an eye on when and what economic data is released:
Economic Calendar