You know, different times of the day also have different market behavior. This also depends on the number and also on the economic instructions issued in each country. For those who prefer calmer, less violent market movements, here are some good times to trade.
The period has been adjusted according to Malaysian time. The period of confinement follows the UK GMT zone, during the winter in the northern hemisphere. For the summer season, only decline one hour.
Malaysia Time: 10:15 AM - 12:00 PM Noon - (3: 15-5: 00 AM UK GMT)
Unless there is an “interest rate” decision in Australia, these times are calm. The Tokyo trade was not so excited at the start of the session, the Australian data is already out and the big reality is the occasional Chinese data has also fallen behind. The only potential risk is an “interest rate” decision in Japan, but this usually comes hours later. Europe is still sleeping.
Malaysia Time: 5:15 PM - 8:00 PM (10:15 AM -1:00 PM UK GMT)
So at 5 PM Malaysia or 10:00 AM UK, traders in London are more alert, especially at the start of the session. In addition, most UK data is broadcast at 4:30 pm Malaysia or 9:30 am UK, and European data broadcasts are usually broadcast so that it is 5:00 pm Malaysia or 10:00 am UK (ZEW as an example). So at 5:15 pm Malaysia or 10:15 am UK, the response to the data has been seen, and trading remains active, but without too many surprises. At 8pm Malaysian time or 1:00 pm UK noon, traders in New York are ready and a potential surprise can be seen at 8:30 p.m. Malaysia or 1:30 p.m. the UK, should the United States broadcast its economic data and reports.
Malaysia Time: 6:00 am - 8:00 am (11:00 pm-1:00am GMT UK)
After the US session closes, it is better to be careful if you want to trade. This is because liquidity is low and this is a good time for the rating agency to shock the market with a downturn in credit ratings. Often times, these publications are made after the market closes in the United States. However, at 6:00 am Malaysia or 11:00 pm UK, it is the best time to set up a market of calm and silence so data is broadcast in Australia and Japan.
There are traders who find quiet time for 'range trading', while others are looking for an active market and trade on news time. The busiest times are usually 8:00 a.m. - 11:00 p.m. Malaysia or 1:00 - 4:00 p.m. the UK, when major US economic news is broadcast, and trade volume is at its peak - at the overlap of the European and US sessions.
What is your preferred period for trading? Would you prefer action during economic news or quiet times?
