One can choose from a wide range of Forex pairs to trade during New York hours. However, the list of top 3 instruments includes the following ( read it on MTrading ):
- EUR/USD.
- GBP/USD.
- USD/JPY
EUR/USD
It is the most popular instrument across the globe and the highest-traded currency pair. Besides, New York sessions overlap with European hours. It means that millions of other traders can enter the market to create liquidity. It means more chances to identify a potential market entry position.
GBP/USD
The British pound and the US Dollar represent another popular pair that is widely traded during New York sessions. The main benefit here is that London trading hours overlap with the New York session even for longer compared to the European session. Besides, the pair shows economic relations and health between the two countries and can be used as an indicator.
USD/JPY
This Forex pair is great to choose by the need of a trading day. It kicks market players to the time when Asian traders are awake and start acting. What’s more, USD/JPY has made a name for itself as a safe haven instrument, which means lower risks and more potentially profitable trading opportunities.
