Currency Market Working Hours

Currency market working hours

27/12/2022
14:17

The FOREX market operates 5 days a week, except on Saturdays and Sundays, and the trading days begin when the market opens on Monday evening at 00:00 GMT+2, and the market closes on Friday evening at 00:00 GMT+2.
In trading days, the currency market works 24/24 hours, that is, throughout the day It passes through the working periods of four global markets, namely, the Australian market, the Asian market, the European market, and ends with the American market period. You will notice the intersection of the working periods of some markets with each other, as shown below in GMT time:

The Australian market (Sydney Stock Exchange) starts at 07:00 and closes at 01:00 .
The Asian market (Tokyo Stock Exchange) starts at 08:00 and closes at 02:00 .
The European market (London Stock Exchange) starts at 19:30 and closes at 11:00 .
The American market (NYSE) starts at 16:30 and closes at 23:00 .

Australian market “Sydney Stock”

The Sydney Stock Exchange is the Australian Stock Exchange formed on 1 April 1987 and was known as the Australian Stock Exchange until December 2006 and created by legislation of the Australian Parliament as a merger of the six government securities exchanges, having been merged with the Sydney Futures Exchange in 2006 and is one of the top 16 Exchange group in the world.

Asian market “Tokyo Stock”

The Tokyo Stock Exchange was established on May 15, 1878, and it is the second largest stock market in the world by the volume of cash located in Tokyo, and there are approximately 2,271 registered domestic companies and 31 foreign companies, and the total capital is approximately more than 4 trillion dollars.
According to 1990 statistics, it was ranked first in the world in terms of trading volume, which amounted to $3 billion, or 40% of the total global trading volume, which is a very huge number.

European market “London Stock”

The London Stock Exchange was founded in 1801, making it is one of the oldest stock exchanges in the world and one of the largest stock exchanges in the world. The London Stock Exchange has several indices, and as of April 2018 the market capitalization of the LSE has reached 4.59 trillion US dollars and it is part of the LSE Group and the LSE Group was created in October 2007 when the LSE merged with the Milan Stock Exchange “Italian Stock Exchange”.

American market “New York Stock”

The New York Stock Exchange is the largest stock exchange in the United States of America in terms of its transactions in dollars and the second largest stock exchange in terms of the number of listed companies, where it was passed by the Nasdaq market in 1990, but the market value of the listed companies is five times greater than the companies listed on the Nasdaq market.The New York Stock Exchange has shares of 2,764 companies, and the total market value of the company’s shares was about $25 trillion at the end of 2006.
The New York Stock Exchange Group merged with the European Stock Exchange Euronext to form which became the first global stock exchange.