At
13:00 GMT, the New York session opens at the
same time as the London
session. With the combined participants from both the London
and New York
sessions, volume and volatility are generally increased.
At 17:00 GMT, the London session draws to a close and then New York trades by itself until the Asian
session opens again.
At that time, only
New York is
open and although the trading volume is still higher than during the Asian
session, the volume is likely to decrease with the exit of the European
traders.
During the
American session there are no particular currency pairs that should or should
not be traded.
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