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New York Trading Session
New York Trading Session
Right as European traders are getting back from their lunch breaks, the U.S. session begins at 8:00
am EST as traders start rolling into the office.
Just like Asia and Europe, the U.S. session has one major financial center that the markets keep their
eyes on.
Some traders also refer to the New York session as the “North American” trading
session.
That’s because aside from New York, there are major financial centers open in North
America as well, such as Toronto and Chicago.
(Excel)
These pip values were calculated using averages of past data. Take note that these
are NOT ABSOLUTE VALUES and can vary depending on liquidity and other
market conditions.
Here are some tips you should know about trading during the New
York session:
Take note that there will be a TON of liquidity as both the U.S. and European
markets will be open at the same time.
You can bet that banks and multinational companies are burning up the telephone
wires.
This allows you to trade virtually any pair, although it would be best if you stuck to
the major and minor pairs and avoid those weird ones.
Also, because the U.S. dollar is on the other side of the majority of transactions,
everybody will be paying attention to the U.S. data that is released.
Should these reports come in better or worse than expected, it could dramatically
shake up the markets, as the dollar will be jumping up and down.