You are in the [B]CET time zone[/B] (Central European Time), which is GMT+1. That means that a given time in London [U]plus 1 hour[/U] = your time, and a given time in New York [U]plus 6 hours[/U] = your time.
• The most heavily-traded portion of the 24-hour trading day is the London / New York Overlap Period — that is, the portion of the day when the London market and the New York market are both open. All currency pairs are actively traded during this overlap period.
[B]The London / New York Overlap is:[/B]
8am - 12pm New York time (GMT-5)
1pm - 5pm London time (GMT)
[B]2pm - 6pm your time (GMT+1)[/B]
• The second most actively-traded time period is the London morning session.
[B]The London morning session[/B] is 8am - 12pm London time, which is [B]9am - 1pm your time.[/B]
• The Asian Session (also called the Tokyo Session) is a good time to trade yen-pairs.
[B]The Asian Session is 1am - 10am your time.[/B]
As for a calendar of economic report releases in your time zone, go to Forex Calendar @ Forex Factory
That calendar should automatically synchronize with the time-clock on your computer. You can double-check the synchronization by scrolling down to the [B]Options[/B] block in the left margin, and clicking on [B]Synchronize Time[/B]. A window will open telling you the time (in your local time zone) to which the calendar is synchonized.
Note the item labeled [B]DST[/B] (which means daylight saving time — what you call [I]Summer Time[/I]).
This should be set to DST Off.
And note the item labeled [B]Time Format[/B]: here you can choose to see times shown in am-pm format (example 7:30pm), or in 24-hour format (example 19:30). Set it to suit yourself.
Check this web-page for more information — User Guide @ Forex Factory