In the US and Canada it’s already summer – at least according to their clocks – they’ve just moved to daylight saving time. European countries make this shift only in two weeks from now. This difference has an impact on forex trading. Let’s see how. The London and New York sessions are the most intensive and usually the most volatile in the forex market. Both cities are major global financial centers. The London session is between 8:00 to 17:00 GMT and the New York session is between 13:00 to 22:00 GMT. During four hours, between 13:00 to 17:00 GMT, the sessions overlap. The European afternoon / American morning is the busiest time. During these four hours, major figures are released in the US: most of them at 13:30 and 15:00 GMT. After the shift of the clock in the US and Canada, as seen in Forex Factory’s calendar, the overlapping period is increased from 4 to 5 hours – from 12:00 to 17:00 GMT. This means that the major action will start earlier for Europeans / will end later for Americans. This extra hour of high volume and high volatility is of high importance for day traders. More action. Special impact This two week period of high volatility will probably have a stronger impact on one specific pair: GBP/USD. Most British economic indicators are released at 9:30 GMT. The DST shift makes the British releases significantly closer to the American ones, leaving less time for traders and analysts to digest and react to British news before American ones come in. This will probably lead to more volatility in GBP/USD. European releases are scattered throughout the European morning, but there are cases in which important figures are released at 10:00 GMT, making them closer to American releases. The best example is this Tuesday, when the ZEW economic sentiment and European CPI are released at 10:00 GMT, and American Housing Starts and Building Permits are released at 12:30 GMT. This smaller gap between the releases, all of them of high importance, will provide more action than usual to EUR/USD. Another currency to note in this context is the Canadian dollar. Also Canada’s clock was moved. In Canada, some publications are made earlier than in the US: at 12:00 GMT. Now it becomes 11:00 GMT. This Friday, Canadian CPI will be released at this time, close to European and British events, making the Canadian crosses more volatile. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Other Forex Stuff share Read Next Forex Daily Outlook – March 15th 2010 Yohay Elam 12 years In the US and Canada it's already summer - at least according to their clocks - they've just moved to daylight saving time. European countries make this shift only in two weeks from now. This difference has an impact on forex trading. Let's see how. The London and New York sessions are the most intensive and usually the most volatile in the forex market. Both cities are major global financial centers. The London session is between 8:00 to 17:00 GMT and the New York session is between 13:00 to 22:00 GMT. During four hours, between 13:00 to 17:00 GMT, the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.