06:00 am, end of the Tokyo session
If Euro has been actively sinking till this hour, China will usually drive Euro up after the Tokyo closes. 06:00 am – 07:00 am is in a manner of speaking the “Chinese hour” on the market. Hong Kong, Shanghai and Singapore are still open and take matters into their hands causing the growth of Euro.
Asia is an enormous commercial and industrial region with a plenty of inexpensive high quality goods and gigantic finances turnover. It makes the number of transactions on stock exchanges huge during the Asian session. That is why traders, who entered the trade at the opening of the London session, should pay attention to their terminals when Asia exits the market.