Skip to content

Educational content, not investment advice.

Souq Dailyسوق ديليSouq Daily

Lesson 8 of 104:102 Sources

Trading sessions: Asia, London, New York

Recorded. Publishing soon

Presented by NourIn Arabic, with captions. Other languages are coming.

Educational content, not investment advice. Nour explains how markets work. She never tells you what to buy or sell.

The FX market runs around the clock from Monday morning in Asia-Pacific to Friday afternoon in the Americas, but activity is uneven.

  • Approximate GMT hours (adjust to your local time): Tokyo 00:00–09:00, London 08:00–17:00, New York 13:00–22:00; Europe and the US shift one hour earlier in their summer time.
  • The UK handles about 38% of global FX turnover, the US about 19% (BIS 2025).
  • Activity often peaks in the London–New York overlap (≈13:00–17:00 GMT); at GMT+3 that is ≈16:00–20:00.
  • Trading is relatively thin late in the New York afternoon / early Asian morning.

Quick check

Three questions. Pick an answer to see why.

0/3

  1. 1.Which location is the largest FX trading centre?

  2. 2.When does FX activity often peak?

  3. 3.Your time zone is GMT+3. Roughly when is the London–New York overlap for you?

Sources

Every fact in this lesson is backed by the sources below.

  1. 1.BIS Working Paper 1094 — The Foreign Exchange Market (Chaboud, Rime, Sushko, 2023)Weekly cycle from Monday Asia-Pacific to Friday Americas; activity peaks in the London–New York overlap; thin 'witching hour'; London 4pm fix volume spike
  2. 2.BIS Triennial Central Bank Survey 2025 — OTC FX turnoverShares of FX turnover by location: UK ≈38%, US ≈19%, Singapore 11.8% (April 2025)

Educational content, not investment advice. Risk warning: trading forex, CFDs, gold and crypto carries a high level of risk and may not be suitable for everyone. You can lose more than you put in. Souq Daily is an education platform. Nothing here is investment advice, a recommendation or an offer, and past performance does not predict future results.