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Forex Market Sessions and Stock Market Hours: Live Clock for Tokyo, London and New York

See which forex sessions and stock markets are open right now, how long until each one opens or closes, and when the US stock market opens at 9:30 am New York time, with every time shown in your own timezone, adjusted for daylight saving and bank holidays.

By Harrison Weaver

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Typical activity now: —
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24-hour timeline

Hover over the timeline (or tap it) to see which markets are open at any time of day.

London and New York overlap Typical activity (indicative, not live volume) Now
Trade these sessions? Log each trade with its session in the journal and see which session is working for you. These clocks are also inside the app, next to your journal.
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Session overlaps today

Which of these sessions makes you money? Session Performance in The Trading Terminal splits your trades into Asia, London and New York, with win rate and net P&L for each. It is on Pro and Elite.
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Session hours are the conventional trading day in each financial centre: 08:00 to 17:00 local time in Sydney, London and New York, and 09:00 to 18:00 in Tokyo. They follow each city’s own daylight saving rules, so the UTC hours move during the year. New York cash equities open at 9:30 am Eastern, marked on the New York bar. The activity curve and the Very low to Very high labels show typical activity by time of day. They are indicative, not live volume; see how we estimate typical activity. Each session shows as closed on Saturday and Sunday in its own city.

Forex session times in UTC

SessionLocal hoursStandard time (UTC)Daylight saving (UTC)
Sydney08:00–17:00 AEST / AEDT22:00–07:00 (AEST)21:00–06:00 (AEDT)
Tokyo09:00–18:00 JST00:00–09:00No daylight saving
London08:00–17:00 GMT / BST08:00–17:00 (GMT)07:00–16:00 (BST)
New York08:00–17:00 EST / EDT13:00–22:00 (EST)12:00–21:00 (EDT)

Daylight saving starts and ends on different dates in the UK and the US, so the overlaps change length during the year. The table above is the pattern; the live clock uses the exact offsets for today.

Stock and futures market hours

MarketRegular hours (local time)Also
US stock market (NYSE, Nasdaq)9:30 am–4:00 pm New YorkPre-market 4:00–9:30 am, after-hours 4:00–8:00 pm
CME futures (Globex)Sunday 6:00 pm–Friday 5:00 pm New YorkDaily break 5:00–6:00 pm, Monday to Thursday
London Stock Exchange8:00 am–4:30 pm LondonCloses at 12:30 pm on Christmas Eve and New Year’s Eve
Tokyo Stock Exchange9:00–11:30 am and 12:30–3:30 pm TokyoLunch break 11:30 am–12:30 pm
Frankfurt (Xetra)9:00 am–5:30 pm FrankfurtClosed on Christmas Eve and New Year’s Eve

Each exchange follows its own daylight saving rules and holiday calendar. The US and Europe change their clocks on different dates, so the gap between New York and London is not always five hours. Exchanges are closed on the holidays they publish and some close early; the live clock marks them for 2026 and 2027.

How we estimate typical activity

The activity curves and the Very low, Low, Medium, High and Very high labels on this page are indicative, not live volume. Each one is a hand-built profile of the usual shape of a trading day, based on the published research below, where 100% is that market’s own busiest time of day. They move with each market’s daylight saving. They do not use a live data feed, and they cannot tell you what today’s volume actually is. Last reviewed on 22 October 2026.

  • Forex. The London and New York overlap is the busiest part of the day. OANDA’s analysis of 2024 trading in six pairs found that about 37% of average daily volume trades in the overlap, with the busiest half hour between 8:30 and 9:00 am New York time. London is the largest trading centre, with 38% of global turnover in the April 2025 BIS Triennial Survey, and the UK, US, Singapore and Hong Kong together handle 75%. A study of EBS broker data found that trading in Tokyo and London follows a U-shape through each centre’s own day, with quieter lunch hours. Forex is typically thinnest around the 5:00 pm New York rollover, when value dates roll and dealers widen their prices (CME Group), and stays quiet until Tokyo picks up.
  • US stocks. Volume is highest at the 9:30 am open and into the 4:00 pm close, with a lull around midday. The closing auction alone was 7.5% of daily dollar volume in 2018, up from 3.1% in 2010. Pre-market and after-hours together are about 10% to 11% of US equity volume (NYSE, January 2025; Rosenblatt, September 2025), so they read Low or Very low here.
  • CME futures. A study of E-mini S&P 500 futures found a U-shape within each regional session, sharp spikes as each region opens, and far more volume in American hours than in Asian hours. The overnight session is thin; the 9:30 am New York cash open is the busiest time, and the hour into the 4:00 pm cash close is the second busiest.
  • London, Frankfurt and Tokyo. Each is busiest at the open and into its closing auction, with a quieter middle of the day and a lift when the US market opens. The London closing auction was about 40% of lit continuous volume in early 2020 (BMLL), Xetra runs a closing auction from 5:30 pm Frankfurt time, and Tokyo’s afternoon session has ended at 3:30 pm since 5 November 2024, with most closing-auction orders placed in the first minute.

What these profiles do not claim. They apply no day-of-week effect, because published studies disagree about which weekday is busiest (Friday afternoons are commonly described as quiet, but we did not find solid volume data). Volume on news days, quarter-end index rebalances and triple witching days can look very different. Half days are shown as the same shape squeezed into a shorter day; holidays show no activity. Retail platforms measure forex volume in different ways, and the primary hourly data sets are not public, so the exact heights are a judgement based on the sources, not a measurement.

Sources. BIS Triennial Central Bank Survey 2025 · OANDA, best time to trade forex (volume insights) · Ito and Hashimoto, intraday FX activity (EBS data) · CME Group, when FX futures pause · Forecasting intraday volume in equity markets (arXiv, 2025) · Bogousslavsky and Muravyev, closing auctions · NYSE, off-hours US equities trading · Rosenblatt, US securities volumes (September 2025) · Intraday trading invariance in E-mini S&P 500 futures · BMLL, closing auction volumes · JPX, extension of trading hours · Deutsche Börse, Xetra continuous trading with auctions.

Which session actually pays you?

A clock tells you when the market is open. It cannot tell you which session you trade well. Tag each trade in The Trading Terminal journal with its session, and Session Performance shows trades, win rate, net P&L and average P&L for Asia, London and New York side by side.

Session Performance is on Pro and Elite (Pro is A$19 a month). The live session clocks and timeline you are looking at are included on every plan.

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Session Performance cards for Asia, London and New York with win rate, net P&L, donut charts and trade P&L barsSample data

Screenshots on this page are from the app running on sample data, not real trading results.

Your timezone, with daylight saving

Every open and close time is converted to the timezone you pick, using that day’s real offsets, so a clock change in London or New York does not catch you out.

Live countdowns

Each session and exchange shows how long until it closes, or until it opens, counting down to the second, including the US stock market open at 9:30 am New York time.

Overlaps and holidays for today

London and New York, Tokyo and London: the overlap windows are calculated from today’s session hours, and bank holidays close the right exchanges with a notice.

How traders use session times

Before the session

Check when your session opens in your own timezone and how long you have. If you trade the London open from Sydney or Melbourne, the clock shows the exact local time, including after a daylight saving change.

Around the overlap

When two major sessions are open together, more participants are usually active. Many traders plan their entries and their time away from the screen around those windows. The timeline shows today’s overlaps at a glance.

After the trade

Which session you take a trade in is worth recording. Over a few weeks the journal shows whether London, New York or Asia is where your results come from. Read which forex session suits your strategy for how to read that data.

FAQ

What are the forex market sessions?
The forex market is open around the clock on weekdays, and activity moves between financial centres. The four sessions this clock shows are Sydney, Tokyo, London and New York. Sessions overlap, and the overlap between London and New York is typically the busiest part of the day.
What time does the forex market open in my timezone?
Pick your timezone in the clock above and every session's open and close time, and the countdown to each, is shown in it. The times are converted using today's real offsets, so they update when clocks change in London or New York.
When is the London and New York overlap?
The London and New York overlap is normally 4 hours: 13:00 to 17:00 UTC when both cities are on standard time, and 12:00 to 16:00 UTC when both are on daylight saving time. For a few weeks in March and from late October to early November, when the US and the UK change their clocks on different dates, it runs 12:00 to 17:00 UTC (5 hours). The clock above works out today's overlap in your timezone.
Is the forex market open 24 hours?
It is open 24 hours a day on weekdays and closed at the weekend. The retail forex week starts on Sunday evening UTC, when Asia-Pacific trading begins, and ends on Friday evening UTC, when New York closes. This clock shows the Sydney, Tokyo, London and New York sessions and treats Saturday and Sunday in each session's own city as closed, so Sydney opens on Sunday evening UTC, as the retail forex week does.
How does daylight saving change the sessions?
Each session follows its own city's clocks. London and New York change twice a year, on different dates, and Tokyo does not change. That moves the session hours in UTC and changes how long the overlaps last. The clock above uses the exact offsets for today, so you do not have to adjust anything yourself.
What session hours does this clock use?
Each session is its city's conventional trading day: 08:00 to 17:00 local time in Sydney, London and New York, and 09:00 to 18:00 in Tokyo. These are the same hours the session clocks inside The Trading Terminal use. Banks, brokers and individual instruments keep their own hours, so check your broker's trading hours for the instruments you trade.
When is the forex market busiest and quietest?
Forex is typically busiest while London and New York are open at the same time, roughly 13:00 to 17:00 UTC on standard time and 12:00 to 16:00 UTC on daylight saving time, and most of all around the US data releases at 8:30 am New York time. OANDA found about 37% of average daily volume trades in that overlap in 2024 (six pairs). It is typically thinnest around the 5:00 pm New York rollover, 22:00 UTC in winter and 21:00 UTC in summer, and in the late New York evening before Tokyo picks up. This is the usual pattern, not a guarantee: news and holidays change it.
When is US stock market volume highest?
Volume is typically highest in the first 30 minutes after the 9:30 am New York open and again into the 4:00 pm close, with a lull around midday. The closing auction alone was about 7.5% of daily dollar volume in 2018. Pre-market and after-hours together are roughly 10% to 11% of US equity volume. The Stocks & futures view shows this as a curve on each market's bar and as a typical activity level.
Is the activity shown here live volume?
No. The curves and the Very low to Very high labels are indicative profiles of the usual shape of a trading day, built from published research. They are not a live data feed. See how we estimate typical activity on this page for the sources and what they do not claim.
What time does the US stock market open?
The US stock market (NYSE and Nasdaq) opens at 9:30 am New York time on weekdays and closes at 4:00 pm, with pre-market trading from 4:00 am and after-hours trading until 8:00 pm. In UTC that is 14:30 to 21:00 in winter and 13:30 to 20:00 while the US is on daylight saving time. Open the Stocks & futures view above for the countdown in your own timezone.
Are stock and futures markets closed on bank holidays?
Yes, on the holidays each exchange publishes. US exchanges close on days such as Thanksgiving and Christmas Day and close early on a few others, and the UK, Japan and Germany have their own holiday calendars. The Stocks & futures view marks an exchange as closed on the holidays in its table, which was last checked on 20 October 2026 for 2026 and 2027, and shows a notice on the day. Forex trades on most bank holidays, with thinner liquidity. Always confirm with the exchange or your broker.
What hours do CME futures trade?
CME Globex equity index and many other futures trade from Sunday 6:00 pm to Friday 5:00 pm New York time, with a daily break from 5:00 pm to 6:00 pm Monday to Thursday. Some products and holiday dates differ, so check CME for the contract you trade.
Is this market sessions tool free?
Yes. This clock is free to use without an account. Inside The Trading Terminal the Market Sessions page is included on every plan, and Session Performance, which breaks down your own trades by session, is on Pro and Elite.
Which session is best to trade?
It depends on the instruments you trade, your strategy and when you can focus. Many traders favour the London session or the London and New York overlap because more participants are active, but your own results are what count. Tag each trade with its session in a journal and compare win rate and net P&L by session over a few weeks.
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