Forex Learning – Forex Trading In New York Session and Average Range of Pips
New York trading sessions usually begin just as European traders return from lunch breaks – terms in stock trading sessions divided into two sessions – those, New York trading sessions or often called US trading sessions starting at 8:00 pm when traders start actively moving toward the office.
Just like Asia and Europe, the American trading session also has one major financial center where the market focuses on trading.
Here is the range of tables (in pips) of the New York session of the major currency pairs.
The value of this pip is calculated using the average past data. Note that this is NOT an Absolute Value and may vary depending on liquidity and other market conditions.
Which Currency Pairs Should Be Traded?
Note that there will be millions of transactions with full liquidity because the US and European markets will be opened at the same time. You can be sure that banks and multinationals will always use their phone cords for transactions.
This allows you to trade in almost any currency pair, although it would be better if you keep trading with major currency pairs and avoid the odd currency pair.
Moreover, since the US dollar is on the other side of most transactions, everyone will pay attention to the US economic and fundamental data released.
If this report goes better or worse than expected, then it can dramatically shake up the market, as the dollar will jump up and down.