What happens at 12:00 NY Time?

For the past couple of months I have noticed that at around 12:00 New York time things start to slow down for an hour or so. Are they taking a break at around this time or what?

At first I thought that it was my imagination but I have started to watch is closely and at around 18:00 South African time the whole thing seems to grind to a halt for quite a while and then later on it starts up with a vengeance. Just wondering.



Would that be the time banks close in London and maybe a lunchtime lull on the east coast? I’ve also noticed that when I am up around 5am and 6am NY time, EURUSD and USDCHF are very volatile.

If you mean 12:00 pm NY time, that’s about when European close up shop for the day and the only traders left is in the US. So less volatility. For more info, check out the lesson on Market Hours in the School of Pipsology.