What Pairs Move the Most During London Session?

By Alice Nichols

If you’re a forex trader looking to take advantage of the London session, it’s essential to know which currency pairs are the most active during this time. The London session is considered the most liquid trading period, with high volatility that can provide great trading opportunities for those who know what they’re doing. In this article, we’ll dive into which currency pairs move the most during the London session.

What is the London Session?

The forex market operates 24 hours a day, five days a week, and is divided into three main trading sessions: Asian, European, and North American. The London session starts at 8:00 AM GMT and ends at 4:00 PM GMT. It’s considered one of the most important trading sessions due to its high liquidity and volume.

Which Currency Pairs Move the Most During London Session?

The currency pairs that move the most during this session are known as Major Pairs. These include:

  • EUR/USD – The most actively traded currency pair globally that represents two of the world’s biggest economies.
  • GBP/USD – Also known as Cable, this pair has a close relationship with EUR/USD.
  • USD/JPY – Known as Ninja in forex circles, this pair is highly influenced by US Treasury yields.
  • AUD/USD – A commodity currency that moves in tandem with gold prices.
  • NZD/USD – Another commodity currency that moves in tandem with dairy prices.

Factors That Affect Currency Pair Movement During London Session

Several factors can influence how these currency pairs move during the London session. These include:

  • European Economic Releases – The release of economic data such as GDP, inflation, and employment figures can impact currency prices.
  • Bank of England Meetings – The Bank of England’s monetary policy decisions can impact the value of GBP.
  • Brexit Developments – Any news related to Brexit negotiations can impact the value of GBP and EUR.
  • Risk Sentiment – Market sentiment towards riskier assets such as stocks and commodities can also impact currency prices.

Tips for Trading During London Session

Here are some tips to keep in mind when trading during the London session:

  • Stay Informed: Keep an eye on economic releases and news events that could affect your chosen currency pairs.
  • Use Trading Tools: Utilize technical analysis tools such as charts, indicators, and oscillators to help identify trading opportunities.
  • Manage Your Risk: Use stop-loss orders to limit your losses if a trade goes against you. Also, avoid overtrading or risking too much on any one position.

In Conclusion

The London session is a highly liquid trading period that provides excellent opportunities for forex traders. Knowing which currency pairs move the most during this time is crucial for taking advantage of these opportunities. Remember to stay informed, use trading tools, and manage your risk when trading during the London session.

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