Economy
Forex Session Times in Philippines – TU Experts Described Optimal Trading Times
The intricacies of the foreign exchange market, which commands a staggering daily trade volume of over $5 trillion, have long intrigued traders. Recognized as the world’s most expansive financial playground, its decentralized nature stands in contrast to conventional stock exchanges. Instead of a physical trading floor, forex operates over the counter through interconnected global computer networks. This system grants traders from every corner of the globe, including the Philippines, unrestricted access. Yet, while it remains open 24/7, analysts at Traders Union point out that it’s a misconception that profitability remains constant throughout. This comprehensive guide from TU will shed light on the Forex session times in Philippines tailored for Filipino traders.
Time Zones in the Philippines: Navigating Forex Trading Windows
Forex might be a global phenomenon, but Traders Union experts stress that its heartbeat varies depending on the time zones and the bustling financial centers active within those hours. For diligent traders in the Philippines, mapping these sessions can pave the way for maximized returns.
- Asian Forex Session:
Beginning at 7:00 AM and wrapping up at 4:00 PM Philippine Standard Time (PHT), the Asian session is a hub of activity. Financial powerhouses such as Tokyo, Singapore, Hong Kong, and Shanghai fuel this session’s vibrancy. Filipino traders can witness significant movements, especially with currency pairs like USD/JPY, AUD/USD, and NZD/USD. It’s a golden window for those eyeing the Asian market dynamics. - European (London) Session:
Operating from 4:00 PM to 2:30 AM PHT, this session is particularly riveting. Why? It not only overlaps with the tail end of the Asian session but also ushers in trading from London – a titan in the forex arena. The blend of Asian closeout and European commencement creates a melting pot of volatility. For those in the Philippines, pairs such as EUR/USD, GBP/USD, and USD/CHF often witness substantial fluctuations. - New York Session:
Lasting from 8:00 PM PHT to the early hours of 4:00 AM PHT the subsequent day, the New York session is a heavyweight. Its significance is amplified as it overlaps with the European window and also marks the trading onset in New York, another behemoth in the currency world. For those nestled in the Philippines and looking to exploit this period, diving into currency pairs like USD/CAD, USD/CHF, and USD/JPY might prove fruitful.
Unraveling the Prime Forex Trading Slots in the Philippines
Amid the individual significance of each trading session, TU analysts argue that some moments emerge brighter than others. These are times when multiple sessions overlap, leading to a crescendo of trading activity:
- From 3:00 AM to 4:00 AM EST, the convergence of Tokyo and London sessions unfolds.
- Between 8:00 AM and 12:00 PM EST, New York and London sessions intertwine, ushering in heightened action.
- Later, from 7:00 PM to 2:00 AM EST, the Tokyo and Sydney sessions overlap, creating another hotspot.
When to Exercise Caution in Forex Trading
While the allure of forex is undeniable, it’s essential to acknowledge that not all hours promise gold. According to Traders Union experts, certain periods are best approached with restraint:
- Weekends: Specifically, the afternoons of Friday and Sunday. While trading is technically possible, the market often witnesses reduced liquidity, leading to potentially unfavorable wider spreads.
- Bank Holidays: These can throw a spanner in the works, especially if they coincide with globally significant business days. Liquidity can dip, and unpredictable swings might ensue.
- Major News Releases: Global events, whether political, economic, or social, can inject volatility into the market. Whether it’s election results or major policy shifts by central banks, such moments can be treacherous for the unprepared.
Conclusion
The world of forex offers an exhilarating journey for those equipped with knowledge. As TU experts have concluded, for traders in the Philippines, this means understanding the ebb and flow of different trading sessions. By aligning strategies with peak activity hours and treading cautiously during volatile or unpredictable times, one can chart a course toward consistent profitability in the forex market.
By Dipo Olowookere
It was a windfall for shareholders of Zichis and Japaul on the Nigerian Exchange (NGX) Limited last week as the prices of the two stocks expanded by over 60 per cent each.
Business Post reports that on the part of Zichis, it chalked up 60.74 per cent to trade at N17.36, while Japaul appreciated by 60.16 per cent to N4.02.
Further, Infinity Trust Mortgage Bank expanded by 59.09 per cent to N15.75, Fortis Global Insurance rose by 53.85 per cent to 60 Kobo, and Jaiz Bank surged by 32.53 per cent to N11.00.
However, the losers’ group was led by RT Briscoe after it shed 20.78 per cent to close at N13.80, Mecure depleted by 18.99 per cent to N84.25, Tripple G slipped by 18.80 per cent to N5.40, Sovereign Trust Insurance moderated by 17.14 per cent to N2.32, and Ellah Lakes dropped 14.67 per cent to end at N12.80.
In the week, 71 equities appreciated, lower than 79 equities in the previous week, as 41 stocks depreciated versus 27 stocks in the preceding week, and 36 shares closed flat versus 42 shares of the previous week.
A look at the performance of the bourse showed that the All-Share Index (ASI) and the market capitalisation appreciated week-on-week by 6.95 per cent to 194,989.77 points and N125.164 trillion, respectively.
In the same vein, all other indices finished higher apart from the Growth index, which fell by 15.06 per cent, while the sovereign bond index closed flat.
As for the trading data, 7.662 billion shares worth N252.566 billion were exchanged in 345,118 deals, in contrast to the 4.652 billion shares valued at N193.326 billion traded in 286,751 deals a week earlier.
Financial stocks dominated the activity chart with 5.625 billion units sold for N113.599 billion in 129,729 deals, contributing 73.41 per cent and 44.98 per cent to the total trading volume and value apiece.
Services equities exchanged 493.131 million units worth N5.866 billion in 30,396 deals, and energy shares transacted 425.657 million units valued at N35.742 billion in 23,136 deals.
FCMB Group, Access Holdings, and Zenith Bank accounted for 3.594 billion shares worth N69.147 billion in 33,802 deals, contributing 46.90 per cent and 27.38 per cent to the total trading volume and value, respectively.
By Adedapo Adesanya
The Nigeria Investment Authority (NSIA) and Japan International Cooperation Agency (JICA) have finalised agreements to launch a $50 Sovereignmillion impact innovation fund aimed at strengthening the Nigerian start-up ecosystem.
The fund is expected to provide patient capital to pre-seed, seed, and early-stage startups addressing critical social challenges in sectors such as agriculture, healthcare, education, energy, waste and water management.
JICA will provide $14 million in grant support, while NSIA contributes up to $20 million to match the grant.
Structured as an onshore public fund, the initiative combines financial support with technical assistance to help startups refine products, scale operations, and expand into new markets.
The fund is expected to create jobs, improve livelihoods, and contribute to sustainable economic development across Nigeria.
Speaking at the agreement signing ceremony between NSIA and JICA at the Ministry of Budget and Economic Planning, Mr Aminu Umar-Sadiq, the chief executive of NSIA, said: “The Fund represents a transformative step for Nigeria’s startup ecosystem. By providing early-stage ventures in high-impact sectors with the capital and support they need to grow, we are enabling innovators to tackle some of Nigeria’s most pressing challenges. Our collaboration with JICA underscores our commitment to entrepreneurship, inclusive growth, and sustainable development.”
Preparations are underway to operationalise the Fund and develop a pipeline of high-impact startups ready for investment. NSIA remains committed to advancing socio-economic development through strategic partnerships that scale impact, expand innovative solutions, and unlock access to capital.
On his part, the Japanese Ambassador to Nigeria, Mr Suzuki Hideo, said, “The Government of Japan hopes this new project will take root in Nigeria and bear fruit swiftly.”
By Adedapo Adesanya
Seven price gainers flipped recent declines at the NASD Over-the-Counter (OTC) Securities Exchange, raising the alternative stock market by 2.19 per cent on Friday.
According to data, the market capitalisation added N51.24 billion to end N2.389 trillion compared with the previous day’s N2.338 trillion, while the NASD Unlisted Security Index (NSI) climbed 85.65 points to close at 3,994.32 points, in contrast to the 3,908.67 points it ended a day earlier.
Business Post reports that the advancers were led by MRS Oil Plc, which improved its value by N13.00 to N200.00 per share from N187.00 per share, FrieslandCampina Wamco Nigeria Plc gained N7.40 to settle at N91.55 per unit versus the previous day’s N84.15 per unit, Central Securities Clearing System (CSCS) Plc appreciated by N6.08 to N71.00 per share from N64.92 per share, Afriland Properties Plc added 66 Kobo to finish at N17.17 per unit versus N16.51 per unit, IPWA Plc rose 37 Kobo to N4.15 per share from N3.78 per share, First Trust Mortgage Bank Plc grew by 11 Kobo to N1.20 per unit from N1.09 per unit, and Food Concepts Plc went up by 10obo to N3.70 per share from N3.60 per share.
On the flip side, there were two price losers led by Geo-Fluids Plc, which depreciated by 28 Kobo to N3.32 per unit from N3.60 per unit, and Industrial and General Insurance (IGI) Plc dropped 5 Kobo to sell at 45 Kobo per share from 50 Kobo per share.
Yesterday, the volume of trades went down by 92.0 per cent to 3.7 million units from 45.8 million units, the value of transactions fell by 59.4 per cent to N84.5 million from N208.2 million, while the number of deals went up by 7.7 per cent to 42 deals from 39 deals.
CSCS Plc remained the most traded stock by value (year-to-date) with 32.6 million units exchanged for N1.9 billion, trailed by Geo-Fluids Plc with 119.6 million units valued at N470.3 million, and Resourcery Plc with 1.05 billion units traded at N408.6 million.
Resourcery Plc closed the day as the most traded stock by volume (year-to-date) with 1.05 billion units sold for N408.7 million, followed by Geo-Fluids Plc with 119.6 million units worth N470.3 million, and CSCS Plc with 32.6 million units worth N1.9 billion.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn