Over the next six weeks, beginning this weekend, Daylight Saving Time Changes will affect forex markets around the world, as various countries on various dates, switch from Daylight Saving Time to Standard Time, or vice versa.
During this period, you might see the opening and closing times of the foreign markets you trade change by one or two hours, depending on where you are located and which foreign markets you are following.
This may, or may not, have a significant impact on your trading, depending on the time-frame you are trading. Generally, the shorter your time-frame (scalping or intraday trading, for example) the more important it will be for you to stay in sync with the trading hours in your chosen markets.
Here is the schedule of changes that will occur over the next 6 weeks:
Daylight Saving Time Changes in the major forex markets
September 24 — New Zealand will begin southern hemisphere Daylight Saving Time (DST)
October 1 — southeastern Australia (Sydney, Melbourne, Canberra, Hobart, etc.) will begin DST
October 29 — the U.K., Ireland, and all of eastern and western Europe will return to Standard Time
November 5 — the U.S., Canada, and northern Mexico will return to Standard Time
Significant markets which do not observe Daylight Saving Time — listed in order according to forex market size (figures in parentheses indicate daily turnover (trading volume) in billions of USD — source BIS 2022 Triennial Survey)
- Singapore (929), Hong Kong (694), Japan (433) , and China (153)
Other markets which do not observe Daylight Saving Time — listed according to size
- Korea (68), Russia (NA), United Arab Emirates (66), India (53), Taiwan (33),
Brazil (21), Turkey (18), South Africa (16), Malaysia (16) and Thailand (15)
See post #2 for Notes on DST, and on time zones.
See post #3 for details of the time changes which will occur in New Zealand this weekend.