Time change reminder --- March / April 2015

Beginner Questions
1

Over the next 4 weeks, various countries will go onto, or off of, Daylight Saving Time (DST).

This is a nuisance for forex traders around the world — one we have to contend with every 6 months.

Between late September and early November each year, and then again between early March and early April each year, we go through a transition from northern hemisphere summer to southern hemisphere summer, and then back again.

During these transitions, forex trading session times get shifted backward or forward, by one hour or two hours, depending on where you are in the world and which session you are trading.

We have been tracking these time changes for several years, and by now you all know how to make the necessary adjustments in your trading. All you need is a schedule of the changes which are coming.

So, here goes:

[B]Daylight Saving Time Changes for March/April 2015 in the Principal Forex Markets[/B]

• March 8 — the U.S. and Canada will begin Daylight Saving Time (DST)

• March 29 — the U.K. and all of eastern, central and western Europe will begin DST

• April 5 — southeastern Australia (Sydney, Melbourne, Canberra, Hobart, etc.)
and New Zealand will return to Standard Time

[B]Daylight Saving Time Changes for March/April 2015 in other countries[/B]

• Most of Brazil — returned to Standard Time on February 22

• Bermuda and Bahamas — will begin DST on March 8, along with the U.S. and Canada

• Uruguay — will return to Standard Time on March 8

• Paraguay — will return to Standard Time on March 22

• Iran — will begin DST on March 22

• Israel, Jordan, Gaza and West Bank — will begin DST on March 27

• most of Greenland — will begin DST on March 28

• Ireland and the Channel Islands — will begin DST on March 29, along with the U.K. and Europe

• most of Mexico — will begin DST on April 5

• Egypt — will be begin DST on April 24

• most of Chile — will return to Standard Time on April 26

See post #2 for details of the time changes which will occur in the U.S. and Canada this weekend.

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2

On Sunday, March 8, [B]the U.S. and Canada[/B] will begin Daylight Saving Time (DST).

Five time zones in the U.S. (including Alaska), and seven time zones in Canada (including Nova Scotia and Newfoundland), will be affected by this time change.

In the eastern U.S. and Canada, which includes the key New York market, the time zone will change from GMT-5 to GMT-4.

Clocks in the U.S. and Canada (and in Bermuda and Bahamas) will be turned forward one hour prior to the opening of the forex market on Monday morning, March 9.

This change will alter the normal time difference between London and New York: For the next 3 weeks — from Sunday, March 8, through Friday, March 27 — the time difference will be 4 hours (instead of the usual 5 hours).

And, during this same 3-week time period, the heavily-traded London/New York Overlap will be 5 hours long (instead of its usual 4 hours), as follows: 12pm-5pm London time, and 8am-1pm New York time.

• For traders in the U.S., Canada, Bermuda and Bahamas, the New York Session times will not change, but the trading sessions in every other forex market will open and close one hour [I]later[/I] than previously, starting Monday morning, March 9.

• For traders in all other countries, the only change will be that the New York Session will open and close one hour [I]earlier[/I] than previously, starting Monday morning.

*This statement does not apply to Arizona and Hawaii in the U.S., or to certain portions of Canada, because those places do not observe DST.

This is the first Daylight Saving Time change for this season. The session times shown below will apply for the next 3 weeks, through Friday, March 27, 2015.

[B]GMT opening and closing times for the 7 principal forex markets[/B]
Sunday, March 8 through Friday, March 27, 2015

Wellington (time zone = GMT+13) — opens at 1900 GMT, closes at 0400 GMT

Sydney (time zone = GMT+11) — opens at 2100 GMT, closes at 0600 GMT

Tokyo (time zone = GMT+9) — opens at 2300 GMT, closes at 0800 GMT

Singapore (time zone = GMT+8) — opens at 0000 GMT, closes at 0900 GMT

Zurich (time zone = GMT+1) — opens at 0700 GMT, closes at 1600 GMT

London (time zone = GMT) — opens at 0800 GMT, closes at 1700 GMT

New York (time zone = GMT-4) — opens at 1200 GMT, closes at 2100 GMT

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3

On Sunday, March 29, [B]the U.K., Ireland, and all of eastern, central and western Europe[/B] will begin Daylight Saving Time (DST). This time change will involve every country situated between the Russian border and the Atlantic Ocean, except Belarus.

Listed geographically, from east to west —

In eastern Europe (Finland, Ukraine, Romania, Bulgaria, Greece, Turkey, Cyprus, etc.), the time zone will change from GMT+2 to GMT+3.

In central Europe (28 countries from Serbia west to Spain, and from Sweden south to Malta), the time zone will change from GMT+1 to GMT+2.

In western Europe (Portugal), in the U.K. (including the Channel Islands), and in Ireland, the time zone will change from GMT to GMT+1.

Clocks in all of these countries (plus Israel, and most of Greenland) will be turned forward one hour, prior to the opening of the forex market on Monday morning, March 30.

• For traders in all of these countries, the forex trading sessions in London and Zurich will not change, but the trading session in every other forex market will begin and end one hour later than previously, starting Monday morning.

• For traders in countries not listed above, the only change will be that the forex trading sessions in London and Zurich will begin and end one hour earlier than previously, starting Monday morning.

Traders in the U.S. and Canada who trade the London or Zurich sessions, and traders in the U.K. and Europe who trade the New York session, should be aware that the time difference between London and New York (which has been 4 hours in length for the past 3 weeks) will return to its normal 5-hour duration, beginning Monday morning and continuing until September.

Also beginning Monday morning, the heavily-traded London/New York Overlap Period will return to its normal 4-hour duration, as follows: 1pm-5pm London time, and 8am-12pm New York time.

Here are the forex market opening and closing times for the next 5 trading days.

[B]GMT opening and closing times for the 7 principal forex markets[/B]
for one week from Sunday, March 29 through Friday, April 3, 2015

Wellington (time zone = GMT+13) — opens at 1900 GMT, closes at 0400 GMT

Sydney (time zone = GMT+11) ------- opens at 2100 GMT, closes at 0600 GMT

Tokyo (time zone = GMT+9) ---------- opens at 2300 GMT, closes at 0800 GMT

Singapore (time zone = GMT+8) ----- opens at 0000 GMT, closes at 0900 GMT

Zurich (time zone = GMT+2) --------- opens at 0600 GMT, closes at 1500 GMT

London (time zone = GMT+1) -------- opens at 0700 GMT, closes at 1600 GMT

New York (time zone = GMT-4) ------ opens at 1200 GMT, closes at 2100 GMT

The last Daylight Saving Time change for this season will occur in one week, at which time New Zealand and s.e. Australia will end DST and return to Standard Time.

4

Thanks for the reminded Clint!

5

On Sunday, April 5, New Zealand and southeastern Australia will end Daylight Saving Time (DST) and return to southern hemisphere Standard Time.

In New Zealand, the time zone will change from GMT+13 to GMT+12.

In southeastern Australia (Sydney, Melbourne, Canberra, Hobart, etc.), the time zone will change from GMT+11 to GMT+10. And in the state of South Australia (Adelaide, etc.), the time zone will change from GMT+10½ to GMT+9½.

Clocks in New Zealand and in southeastern Australia will be turned back one hour, prior to the opening of the forex market on Monday morning, April 6.

• For traders in New Zealand and in southeastern Australia, the forex trading sessions in Wellington and Sydney will not change, but the trading session in every other forex market will begin and end one hour earlier than previously, starting on Monday morning.

• For traders in the rest of Australia, and in all other countries, the only change will be that the forex trading sessions in Wellington and Sydney will begin and end one hour later than previously, starting on Monday morning.

Three additional time changes will occur this month: On April 5, most of Mexico will begin DST;
on April 24, Egypt will begin DST; and on April 26, most of Chile will return to southern hemisphere Standard Time.

These are the last time changes for this season. The next time change will occur in late September.

Here are the forex market opening and closing times for the next 5½ months.

[B]GMT opening and closing times for the 7 principal forex markets[/B]
Sunday, April 5, 2015, through Friday, September 25, 2015

Wellington (time zone = GMT+12) - opens at 2000 GMT, closes at 0500 GMT

Sydney (time zone = GMT+10) ----- opens at 2200 GMT, closes at 0700 GMT

Tokyo (time zone = GMT+9) -------- opens at 2300 GMT, closes at 0800 GMT

Singapore (time zone = GMT+8) — opens at 0000 GMT, closes at 0900 GMT

Zurich (time zone = GMT+2) ------- opens at 0600 GMT, closes at 1500 GMT

London (time zone = GMT+1) ------ opens at 0700 GMT, closes at 1600 GMT

New York (time zone = GMT-4) ---- opens at 1200 GMT, closes at 2100 GMT

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