There are many differences between the Australian and London trading sessions and knowing which ones trade best during each one will help you decide how to use your trading strategy. The Euro is the most popular currency pair, but there are also many other factors that influence the price of the Euro. For example, the European Central Bank is responsible for the stability of the currency, and countries in that region are more volatile than those in other countries.
The best time to trade Forex in Australia is when more than one session overlaps. This period provides the highest liquidity and pip range movement. Traders should avoid trading dormant currency pairs during this time period, as their prices tend to be lower. During the overlap periods, not all currencies will see a higher volume of trading, but certain ones will. The Australian dollar, for example, is more volatile than its Japanese counterpart.
The Sydney session is the best time to trade the Australian dollar. This is the first session of the day, which starts at 7:00am in Australia. It closes at 22:00 GMT on Friday. There are two lull periods in the market, between 19:00 and 22:00 GMT. This is when most American traders are home, and the Kiwi and Aussie traders are getting ready for work. As a result, the Australian dollar tends to trade more than its US counterpart, especially during the overlapping periods.
The next time to trade Forex in Australia is when two trading sessions overlap. This provides better volatility and pip range movement. However, it is important to note that trading during this period is not always profitable. It is important to remember that not all currencies experience higher trading volumes during overlap periods, but some do. If you do not want to risk too much of your money, then trade in currency pairs that are active and have plenty of liquidity.
The AUD/NZD pair is highly linked to commodity prices. Australia and New Zealand are both reliant on China’s purchases of commodities. This makes it vital to monitor global commodity prices and intergovernmental relations with China to make a profit with this pair. In addition, the EUR/JPY is also very active in the Australian session. It is also possible to trade the AUD/NZD during this session.
Another important consideration when choosing a broker is whether the broker is registered with the Australian Securities and Investments Commission. Despite the fact that the Australian government does not have a regulatory agency, it is a highly regulated market. Therefore, it is important to choose a reputable and licensed Forex broker in Australia. The best way to choose a forex broker is to consider how much you’re willing to spend on trading.
AUD/NZD is closely tied to commodities. The AUD/NZD pair is closely linked to the AUD/NZD and is a good candidate for trader who wants to profit from the AUD/NZD. It is important to note that the AUD/NZD is largely dependent on China and so the AUD/NZD is a good investment choice.
Similarly, the Australian dollar can be a good currency to trade during the night. You must carefully monitor the US dollar since almost all commodities are priced in US dollars. Moreover, the Australian dollar can be affected by the ongoing trade war. Sanctions and tariffs between the US and China could affect the demand for commodities. Further, lower liquidity may result in larger buy-to-sell spreads, which is another reason to avoid trading during the night.
Among the currency pairs that trade the best during the Australian session are the US dollar and the British pound. The Australian dollar has a high correlation with the euro, but it has a negative correlation with the UK and US dollar. In the morning, EUR/USD is the best currency pair to trade for high volatility. On the other hand, USD/JPY is a good choice during the night.