The hours below correspond to someone living in the EST time zone.

Business Hours of Financial Centers:

Trading volumes in a given region are always highest during its primary business hours, when traders at financial institutions are busy filling and placing orders. The most active times, meaning the times of most liquidity and movement in the markets, is the London open (3 AM EST), and the overlap between London/Euro close and New York's open (8-11 AM EST).

The hours below correspond to someone living in the EST time zone.

* New York session opens at 8:00 am and ends around 5:00 pm.
* Sydney session starts at 5:00 pm and ends around 2:00 am.
* Tokyo session begins at 7:00 pm and ends around 4:00 am.
* Frankfurt session opens at 2:00 am and ends around 11:00 am.
* London opens at 3:00 am and ends around 12:00 am.

Below is a figure showing business hours in the various regions, oriented for someone in the EST time zone. In this figure you can see the overlap between the European/London session and the New York session, between 8 am and 11 am EST. The currency markets experience the highest volatility and volume during that overlap, which also coincides with the release of important US economic figures.

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