Time Changes --- Spring 2011

Beginner Questions
1

[B]We’re approaching the time of year when:[/B]

[ul]
[li]portions of the northern hemisphere will go onto Daylight Saving Time, and
[/li]

[li]portions of the southern hemisphere will return to Standard Time.
[/li][/ul]

[B]Here’s the schedule for time changes occurring over the next 4 weeks:[/B]

March 13 — U.S. and Canada will go onto Daylight Saving Time

March 27 — U.K., Ireland, Europe and Russia will go onto Daylight Saving Time

April 3 ------ New Zealand and southeastern Australia will return to Standard Time,

and Mexico will go onto Daylight Saving Time

(Portions of the U.S., Canada, Australia, and Mexico, will not participate in these changes. See the Notes, below.)

Traders in every country around the globe will be affected by these changes — even traders in countries which do not participate in Daylight Saving Time.

It’s a mess, even for veteran traders who can figure time zones in their heads. For newbies,who are just getting familiar with this worldwide, 24-hour-per-day market, these time changes can be intimidating.

If we take these changes a step at a time, I think we can minimize the confusion and make the next 3 weeks fairly painless.

Later this week, I’ll post specific information on next Sunday’s (March 13) time changes in the U.S. and Canada.

Then, prior to the March 27 and April 3 changes, I’ll post reminders of what’s coming.

[B]Notes[/B]

[B]1.[/B] Here is a partial list of countries and regions which do not observe Daylight Saving Time: a portion of Australia (see list below), Philippines, Japan, Korea, Singapore, Hong Kong, Taiwan, China, India, South Africa, Jamaica, a portion of the U.S., a portion of Canada, and a portion of Mexico (see lists below).

[B]2.[/B] These states in Australia remain on Standard Time year-round: Queensland (Brisbane), Northern Territory (Darwin), and Western Australia (Perth).

[B]3.[/B] These states, which comprise southeastern Australia, observe Daylight Saving Time: New South Wales (Sydney), Australian Capital Territory (Canberra), Victoria (Melbourne), South Australia (Adelaide), and Tasmania (Hobart).

[B]4.[/B] Here are the parts of the United States which remain on Standard Time year-round: Arizona, Hawaii, and the U.S. Virgin Islands.

[B]5.[/B] Here are the parts of Canada which remain on Standard Time year-round: a large portion of Saskatchewan, and small portions of British Columbia and Quebec.

[B]6.[/B] Regarding Mexico: Baja California will go onto Daylight Saving Time on March 13 and return to Standard Time on November 6, along with the U.S. The state of Sonora remains on Standard Time year-round. The rest of Mexico will go onto Daylight Saving Time on April 3.

[B]7.[/B] A note about Europe: all of the countries comprising the Eastern, Central and Western European Time Zones will go onto Daylight Saving Time on March 27 and will return to Standard Time on October 30. This is essentially all of continental Europe, a geographical region which includes the European Union and the Euro Zone, as well as several countries which are not part of either the E.U. or the Euro Zone.

[B]8.[/B] Information on time changes was verified at — Daylight Saving Time Around the World 2011

2

Thanks for the reminder; always looking out for us aren’t you :smiley:

3

Reminder: the U.S. and Canada will go onto Daylight Saving Time on Sunday, March 13.

[B]The time changes in the U.S. and Canada will have the following effects:[/B]

Five time zones in the U.S. and five time zones in Canada will change from Standard Time to Daylight Saving Time.

The key time zone for the New York and Toronto financial markets --- the eastern time zone ---  will change from

EST (GMT-5) to EDT (GMT-4).

[B] For traders outside the U.S. and Canada, the North American markets will open and close one hour EARLIER than before. See the examples, below.

For traders in the U.S. and Canada, all forex markets EXCEPT the North American markets will open and close one hour LATER than before.  See the examples, below.[/B]

[B]GMT times for the New York Session for the next 7½ months:[/B]

Beginning on Monday, March 14, and continuing through Friday, November 4, key times in the New York Session will be:

1200 - 2100 GMT --- Normal business hours in New York and Toronto (8am-5pm EDT)

1330 - 2000 GMT --- NYSE, NASDAQ Stock Market, and Toronto Stock Exchange hours of operation (9:30am-4pm EDT)

[B]Examples — How traders in selected markets will be affected:[/B]

[B]If you are a trader in the U.K.,[/B] beginning on Monday, March 14, the New York Session will open at noon London time, instead of 1pm London time. This change will be in effect through Friday, March 25, after which the U.K. will join the U.S. on Daylight Saving Time (Summer Time, for you Brits). Then, beginning on Monday, March 28, the New York Session will once again open at 1pm London time.

[B]If you are a trader in Australia,[/B] beginning on Monday, March 14, the New York Session will open at 11pm Sydney time, instead of midnight Sydney time. This change will be in effect through Friday, April 1, after which s.e. Australia will return to Standard Time. Then, beginning on Monday, April 4, the New York Session will open at 10pm Sydney time (note the 2-hour shift from summer to winter).

[B]If you are a trader in Asia, South Africa, Mauritius,[/B] or any other locale which does not observe DST, then beginning on Monday, March 14, the New York Session will open one hour earlier than before, and will continue on this schedule until Friday, November 4, after which the U.S. will return to Standard Time.

[B]If you are a trader in the eastern U.S. or Canada,[/B] beginning on Monday, March 14, the Asian Session will open at 7pm New York time, instead of 6pm; the European Session will open at 3am New York time, instead of 2am; and the London Session will open at 4am New York time, instead of 3am. The Asian Session will not change again until the U.S. and Canada return to Standard Time in November. The European Session and the London Session will return to their “normal” opening times of 2am and 3am, respectively, beginning Monday, March 28, after Europe and the U.K. have switched to Summer Time (DST).

4

I didn’t realize that was this weekend! Clint you have totally made my weekend that much better. An extra hour of fishing for me!!

5

I hate to break it to you, but fish are not affected by Daylight Saving Time.

As for people, we won’t gain an extra hour of anything — we’ll LOSE an hour of sleep!

Anyway, Carpe Diem (I think that’s Latin for “The catch of the day is carp.”)

6

Oh now, why ya gotta be a negative nelly?!?

Anyway, cheers and have a great weekend

7

Many thanx clint… Was trying to find this info…

8

Reminder: The U.K., Ireland, Europe and Russia will go onto Daylight Saving Time on Sunday, March 27.

[B]The March 27 change to Daylight Saving Time will affect time zones, as follows:[/B]

[B]U.K.:[/B] the time zone will change from GMT to [B]British Summer Time, BST (GMT+1)[/B]

[B]Ireland:[/B] the time zone will change from GMT to [B]Irish Summer Time, IST (GMT+1)[/B]

[B]Central Europe:[/B] the time zone will change from CET (GMT+1) to [B]Central European Summer Time, CEST (GMT+2)[/B] - See note #1 regarding Europe, below.

[B]Western Russia:[/B] the time zone will change from MSK to [B]Moscow Daylight Time, MSD (GMT+4)[/B] - See note #2 regarding Russia, below.

[B]For traders in the U.K., Ireland, Europe and Russia,[/B] the opening and closing times for the following trading sessions will change: beginning on Sunday, March 27, the Pacific Session (New Zealand and Australia), the Tokyo Session, and the New York Session will open and close one hour LATER than before. The European Session and the London Session will not change.

[B]For traders in all other parts of the world,[/B] the European Session and the London Session will open and close one hour EARLIER than before. The Pacific, Tokyo, and New York Sessions will not change.

[B]Examples — How traders in selected markets will be affected:[/B]

[B]If you are a trader in the eastern U.S. or Canada,[/B] beginning on Monday, March 28, the European Session and the London Session will return to their “normal” opening and closing times: the European Session will open at 2am and close at 11am New York time; and the London Session will open at 3am and close at 12 noon New York time. These times will not change again until October 30, at which time Europe and the U.K. will return to Standard Time.

[B]If you are a trader in the U.K.,[/B] beginning on Sunday evening, March 27, the Pacific Session will open and close as follows: Wellington will open at 8pm and close at 5am London time, and Sydney will open at 10pm and close at 7am London time. These times will change again on Sunday, April 3, at which time New Zealand and southeastern Australia will return to Standard Time.

Also beginning on Sunday evening, March 27, the Tokyo Session will open at midnight and close at 9am London time; these times will not change again until Sunday, October 30.

And beginning on Monday, March 28, the New York Session will return to its “normal” opening and closing times: it will open at 1pm and close at 10pm London time. These times will not change again until October 30, at which time the U.K. will return to Standard Time.

[B]If you are a trader in central Europe,[/B] beginning on Sunday evening, March 27, the Pacific Session will open and close as follows: Wellington will open at 9pm and close at 6am Zurich time, and Sydney will open at 11pm and close at 8am Zurich time. These times will change again on Sunday, April 3, at which time New Zealand and southeastern Australia will return to Standard Time.

Also beginning on Sunday evening, March 27, the Tokyo Session will open at 1am and close at 10am Zurich time. These times will not change again until Sunday, October 30.

And beginning on Monday, March 28, the New York Session will return to its “normal” opening and closing times: it will open at 2pm and close at 11pm Zurich time. These times will not change again until October 30, at which time Europe will return to Standard Time.

[B]If you are a trader in southeastern Australia,[/B] beginning on Monday, March 28, the European Session will open at 5pm and close at 2am Sydney time; and the London Session will open at 6pm and close at 3am Sydney time. These times will change again after Sunday, April 3, at which time s.e. Australia (and New Zealand) will return to Standard Time.

[B]If you are a trader in Asia, India, South Africa, or any other locale which does not observe DST,[/B] then beginning on Monday, March 28, the European and London Sessions will open one hour earlier than before, and will continue on this schedule through Friday, October 28, after which Europe and the U.K. will return to Standard Time.

[B]Notes[/B]

[B]1.[/B] Europe comprises three time zones, and they all will change to Daylight Saving Time on March 27, as follows.

In western Europe (Portugal), the WET time zone (GMT) will change to Western European Summer Time, WEST (GMT+1).

In central Europe (Germany, Switzerland, France, Italy, Spain, Sweden, etc.), the CET time zone (GMT+1) will change to Central European Summer Time, CEST (GMT+2).

Note that when we refer to the “European Session”, we are talking about the forex trading day in [B]central Europe[/B] (the industrial and financial heartland of Europe).

And in eastern Europe (Greece, Bulgaria, Ukraine, Finland, etc.), the EET time zone (GMT+2) will change to Eastern European Summer Time, EEST (GMT+3).

Castle Dracula in Transylvania — where each new forex trading day begins (at the stroke of midnight) — is in the eastern European time zone.

[B]2.[/B] After the March 27 change to Daylight Saving Time in Russia, there will be no further time changes in Russia, in either the fall or the spring, in the foreseeable future. Here is an article on Russia’s switch to “permanent daylight saving time” — Russia Abolishes Winter Time

The time zone in western Russia (the Moscow/St Petersburg area) will remain GMT+4, year-round, from spring 2011, going forward.

9

Reminder: New Zealand and southeastern Australia will return to Standard Time on Sunday, April 3.

The April 3 time changes will affect two time zones:

In New Zealand: the time zone will change from NZDT (GMT+13) to New Zealand Standard Time, NZST (GMT+12).

In southeastern Australia (Sydney, Melbourne, Canberra, Adelaide, etc.): the time zone will change from AEDT (GMT+11) to Australian Eastern Standard Time, AEST (GMT+10).

For traders in New Zealand and s.e. Australia, the opening and closing times for the following trading sessions will change: beginning on Monday, April 4, the Tokyo Session, the European Session, the London Session and the New York Session will open and close one hour EARLIER than before. The Pacific Session will not change.

For traders in all other parts of the world, the Pacific Session (New Zealand and Australia) will open and close one hour LATER than before. The Tokyo, European, London and New York Sessions will not change.

Examples — How traders in selected markets will be affected:

If you are a trader in the eastern U.S. or Canada, beginning on Sunday afternoon, April 3, the Pacific Session will open and close as follows: Wellington will open at 4pm and close at 1am New York time, and Sydney will open at 6pm and close at 3am New York time. These times will not change again until New Zealand and s.e. Australia return to DST on September 25 and October 2, respectively.

If you are a trader in the U.K., beginning on Sunday evening, April 3, the Pacific Session will open and close as follows: Wellington will open at 9pm and close at 6am London time, and Sydney will open at 11pm and close at 8am London time. These times will not change again until New Zealand and s.e. Australia return to DST on September 25 and October 2, respectively.

If you are a trader in central Europe, beginning on Sunday evening, April 3, the Pacific Session will open and close as follows: Wellington will open at 10pm and close at 7am Zurich time, and Sydney will open at midnight and close at 9am Zurich time. These times will not change again until New Zealand and s.e. Australia return to DST on September 25 and October 2, respectively.

If you are a trader in Asia, India, South Africa, or any other locale which does not observe DST, beginning on Sunday, April 3 (or Monday, April 4), the Pacific Session (New Zealand and Australia) will open and close one hour LATER than before. These times will not change again until New Zealand and s.e. Australia return to Daylight Saving Time on September 25 and October 2, respectively.

If you are a trader in New Zealand, beginning on Monday, April 4, the Tokyo Session will open at 11am and close at 8pm NZ time; the European Session will open at 6pm and close at 3am NZ time; the London Session will open at 7pm and close at 4am NZ time; and the New York Session will open at midnight and close at 9am NZ time. These times will not change again until New Zealand returns to DST on September 25.

If you are a trader in s.e. Australia, beginning on Monday, April 4, the Tokyo Session will open at 9am and close at 6pm Sydney time; the European Session will open at 4pm and close at 1am Sydney time; the London Session will open at 5pm and close at 2am Sydney time; and the New York Session will open at 10pm and close at 7am Sydney time. These times will not change again until s.e. Australia returns to DST on October 2.

In addition to the time changes listed above, all of Mexico (except Sonora, Baja California, and a portion of Chihuahua) will go onto Daylight Saving Time on Sunday, April 3. This change will affect two time zones in Mexico: the Central Standard Time zone will change to Central Daylight Time, CDT (GMT -5); and the Mountain Standard Time zone will change to Mountain Daylight Time, MDT (GMT -6).

After April 3, there will be no further time changes until next September.

The time zones and time changes listed above were verified at timeanddate.com

10

Not me: I GAIN an hour of sleep (given that I get up at the same time every morning but my daily charts now close an hour earlier MY time)!!! LOL!!!

But thanks AGAIN for these posts that you sure do go to a hell of a lot of trouble with. Don’t ever think they’re not appreciated because they are.

What I found interesting was the link about Russia.

But here’e something I just thought about (and probably shouldn’t be ‘littering’ this thread with something like this but it just came to mind as I was typing): do animals ‘know’ about DST changes???

I was going to wait for answers here but I found this on Google:

Do Animals Notice Daylight Saving Time? | Pets & Farm Animals | Life’s Little Mysteries

Regards,

Dale.