The market effectively closes for the day when the New York session ends, as this marks the last major financial center turning off its screens. London begins to wind down as New York ramps up, creating an overlap that is the most active period for trading.
Forex Session Close Time Today: New York's 5 PM EST Closing
When the market closes in New York, it is generally midnight in Europe and early morning the next day in Asia. The market closes at 5:00 PM EST on Friday, which is different from the daily 5:00 PM EST closing time on other weekdays.
Region Typical Close Time Note New York (Eastern) 5:00 PM Standard Market Close London 5:00 PM EST Session ends early Sydney 5:00 PM EST (Next Day) Beginning of new cycle Once the New York session concludes, the forex market enters a weekend hiatus. No spot transactions are settled until Sunday evening, when the cycle reopens in Asia.
Forex Session Close Time Today: New York Session End at 5 PM EST
Daily Closure It is important to distinguish between the daily closing time and the weekend closure. This early close on Friday is designed to allow banks and institutions to settle positions before the weekend, during which no spot trading occurs.
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