As far as I know NZ is the earliest open of a new week. I know Monday 9AM NZ time, NZ banks open but I'm seeing someone trading earlier than that. Like, I know some NZ banks open at 8:30AM.
It's an otc market. If you want you can start quoting on Saturdays or Sundays. Otc cash fx does not care about when the white shirts get into the office. It starts when some meaningful counterparties are getting ready to do some trading. And that happens around 9am in Wellington on Mondays. Not because 9am is a nice round number. When traders are in earlier and supply and demand meets then trades are printed earlier.
As far as I know NZ is the earliest open of a new week. I know Monday 9AM NZ time, NZ banks open but I'm seeing someone trading earlier than that. Like, I know some NZ banks open at 8:30AM.
Forex technically works 24/7.
Banks are open Saturdays in most countries till noon and if you take in account time zones it goes the whole day until banks close in California.
Middle eastern banks start their week on Sunday so.....
Now because of risk exposure issues, retail Forex brokers only open with New Zealand and...... usually with a huge spread.
