Posted on 22 March 2011
Tags: Advanced, Appropriate, Asia, asia pacific, Bank of England, beneficial, best time, British pound, center of the world, central bank, closing, consumer price index, currencies, currency, currency pair, currency pairs, currency price, dollar, entire world, Europe, European, European Central Bank, European currency, european session, focus, forex, Forex Market, forex trade, forex traders, GBP, GBP/USD, Gross, gross domestic product, headquarters, intolerant, Japanese, Long Term, major currencies, manufacturing, movement, movements, new york stock, new york stock exchange, Pacific, Payrolls, Pip, pips, quick time, range, remarkable progress, risk, stock market, stock markets, swing trading, Swiss franc, the Swiss franc, top, Trade, trader, trading session, Unique, United States, US Dollar, usd eur, usd euro, value, volatility, york stock exchange
The United States is the second biggest trading center of the world that constitutes the third trading session in a day after the European trading session. Trading during the US session based on the 22% of the total trading volume of the currency of entire world. In this term, this session is almost identical to the total trading volume that constitutes the Asia-Pacific trading session. New York stock exchange is the world’s largest stock exchange and it receives the largest share of the total trading volume in its region i.e. 19%.
New York stock exchange is the headquarters of the entire US trading session. During this session, USD is the currency that is on the focus of trading session. The value of USD determines the volatility and volumes of the trading session.
Trading Session Timings
The running time of the US session is from 8.am to 5.pm.
Best Time for Risk-Resistant Traders
The United States session involves mild to huge risk for forex traders. Unique challenges can be presented by the US session to those traders who are risk tolerant. It is due to its interaction with other markets like bond and stock markets. Appropriate pip movements with pairs during trading session include:
95 pips is the average pip limit. The USD/EUR can be used as a powerful alternative during the US session. However, it can make remarkable progress during the USD/EURO crossover session. Apart from this alternative, another option is the US and Canadian Dollar session that have the average pip range of 84 pips.
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Posted on 13 October 2009
Tags: .S. and Europe reduced risk appeal, annual inflation, British pound, country's foreign reserves, current economic situation, European currency, German economic sentiment, Iran's central bank chief, multi-month highs, ZEW
As falling stocks in the U.S. and Europe reduced risk appeal, the euro gave back some recent gains against its major rivals. Earlier, the 16-member currency against the dollar and pound had extended multi-month highs .
European currency has overtaken the greenback
Earlier in the day, as Iran’s central bank chief said the European currency has overtaken the greenback as the main currency of the country’s foreign reserves, the euro continued its attack against the dollar.
Latest survey from the Centre for European Economic Research
In economic news, the latest survey from the Centre for European Economic Research or ZEW showed today that there has been a drop 1.7 points to 56 in the German economic sentiment in October from 57.7 in the prior month. The reading that was anticipated was 58.8. But, the index stood well above the historical average of 26.7 points.
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