The Sydney Forex session is one of the four core Forex sessions globally, together with Tokyo, London, and New York. As a pillar of the global Forex market, which Sydney session Forex pairs should Australian Forex traders focus on? I have compiled a list of the most liquid currency pairs, which yield higher profits due to tighter spreads and deeper liquidity.
What is the Sydney Session in Forex Trading
The Sydney session is one of the four core Forex sessions of the Forex market, and Australian Forex traders can focus on Sydney session Forex pairs for increased profitability.
Sydney Forex trading session
Local Time | GMT Time | AEST | |
|---|---|---|---|
Open | Monday 08:00 | Sunday 22:00 | Monday 08:00 |
Close | Monday 16:00 | Monday 06:00 | Monday 16:00 |
The Best Pairs to Trade During the Sydney Session - Popularity & Volatility
- AUD/USD - A Chinese Yuan proxy trade and hard commodity prices currency pair
- AUD/JPY - A liquid currency pair and commodity-safe-haven currency cross
- AUD/NZD - A trade pitching hard and soft commodities against one another
- USD/JPY - A highly liquid currency pair and leading carry trade currency pair
- NZD/JPY - A soft commodity safe-haven cross
- NZD/USD - A soft commodity currency pair
Market Session Schedule
Traders should consider the Forex market schedule when analyzing Sydney session Forex pairs to highlight the most liquid trading sessions for AUD, JPY, and NZD currency pairs.
Sydney Forex trading session | AEST |
|---|---|
Open | Monday 08:00 |
Close | Monday 16:00 |
Tokyo Forex trading session | AEST |
|---|---|
Open | Monday 10:00 |
Close | Monday 19:00 |
London Forex trading session | AEST |
|---|---|
Open | Monday 18:00 |
Close | Tuesday 02:00 |
New York Forex trading session | AEST |
|---|---|
Open | Monday 23:00 |
Close | Tuesday 08:00 |
Sydney session Trading Tips & Trading Strategies
- Trade what the market gives you and not what you want
- Decide if you are a position trader, day trader, swing trader, news trader, or scalper
- Use the right strategy during the right trading conditions
Major Drivers of the AUD/USD Pair During the Sydney Session
The AUD/USD is the most liquid Forex pair among Sydney session Forex pairs.
Here are the core drivers of the AUD/USD during the Sydney session:
- Chinese economic data
- Commodity prices
- Interest rates
- Australian CPI
- Australian GDP
- Australian labor data
- Australian retail sales
Bottom Line
Sydney session Forex pairs are ideal for Australian Forex traders who prefer liquidity and volatility. See our top Australian Forex brokers list and additional up-to-date information on Forex trading in Australia.
