Best pairs to trade during new york session
The New York session, also known as the US session, is a popular time for trading due to the high liquidity and volatility that comes with the opening and closing of the US markets. Here are some of the best pairs to trade during the New York session:
- EUR/USD: The Euro-US Dollar pair is one of the most widely traded currency pairs in the world, and the New York session is a key time for it. The pair is sensitive to US economic data, such as non-farm payrolls and GDP, which are released during the session.
- GBP/USD: The British Pound-US Dollar pair is another popular pair that is heavily influenced by US economic data. The pair is also sensitive to Brexit developments, which can cause significant market volatility.
- USD/JPY: The US Dollar-Japanese Yen pair is a popular pair for traders who want to take advantage of the high liquidity and volatility that comes with the New York session. The pair is sensitive to US interest rates and economic data.
- AUD/USD: The Australian Dollar-US Dollar pair is a popular pair for traders who want to take advantage of the high volatility that comes with the New York session. The pair is sensitive to US economic data and commodity prices.
- USD/CAD: The US Dollar-Canadian Dollar pair is a popular pair for traders who want to take advantage of the high liquidity and volatility that comes with the New York session. The pair is sensitive to US economic data and commodity prices.
- NZD/USD: The New Zealand Dollar-US Dollar pair is a popular pair for traders who want to take advantage of the high volatility that comes with the New York session. The pair is sensitive to US economic data and commodity prices.
- USD/CHF: The US Dollar-Swiss Franc pair is a popular pair for traders who want to take advantage of the high liquidity and volatility that comes with the New York session. The pair is sensitive to US interest rates and economic data.
When trading during the New York session, it's essential to keep an eye on the following market-moving events:
- Non-farm payrolls (NFP) report
- GDP report
- Interest rate decisions
- Federal Reserve (Fed) statements
- US economic data releases (e.g., inflation, retail sales, and manufacturing data)
Remember to always use proper risk management techniques, such as setting stop-loss orders and limiting your position size, to minimize your exposure to market volatility.