The forex market operates 24 hours a day and is divided into four trading sessions. Each trading session brings its unique characteristics. In this blog post, we discuss the important currency pair to trade in the Sydney trading session.
Sydney Trading Session
The Sydney session officially begins in New Zealand and extends from approximately 3:00 PM GMT to 11:00 PM GMT (10:00 PM PST to 6:00 AM PST the previous day).
| Sydney Session Time | GMT | EST |
|---|---|---|
| Session Start | 3:00 PM | 10:00 AM |
| Session End | 11:00 PM | 6:00 PM |
Popular Forex Pairs in the Sydney Session:
- AUD/USD:
- The Australian dollar against the US dollar is particularly active during the Sydney session.
- Sensitive to news about China and major Asian economies due to Australia’s heavy reliance on commodities exports.
- NZD/USD:
- Similar to AUD/USD, reflecting the New Zealand dollar against the US dollar.
- Sensitivity to news affecting commodities exports and the overall economic health of the Asia-Pacific region.
- USD/JPY:
- Often considered a safe-haven currency pair, involving the Japanese yen.
- Traders may seek the yen during risk-averse periods, impacting USD/JPY prices.
- EUR/USD:
- The most traded forex pair globally, remaining active during the Sydney session.
- While still traded, its volume is typically lower compared to the London and New York sessions.
- GBP/USD:
- Another major forex pair was active during the Sydney session.
- Like EUR/USD, trading volume is generally lower during this session compared to others.
