What else should we know about the New York trading session? 1. Due to overlapping with London session, the morning liquidity is higher than the evening one. Because the European trading day comes to an end, liquidity gradually decreases during the second half of the trading day of the NY session. 2. Most information of important macro data and news releases happen in the morning of the New York session. As we’ve noted already, the US dollar takes part in 80-85% of all transactions, so these macro events could seriously shake the market. 3. Friday evening is usually a very calm period – because both Japan’s session and the European one is already closed for weekend. 4. This in turn, could lead to some reverse moves on the market on Friday’s evening, because US traders can turn to taking profits or just closing positions to avoid unwelcome risk exposure due to possible news over the weekend. P.S. This lesson was written by Sive Morten, who has been working for a large European Bank since April of 2000, and is currently a supervisor of the bank's risk assessment department. Sive's knowledge of forex market and banking industry is vast and quite complete. If you have any specific questions about forex, banking industry, or any other financial instruments, please post them on the next page and Sive should answer soon. Note: FPA ranks are earned in the battles against scam, not in the classroom.