How does the Sydney forex session impact the volatility of cryptocurrencies?

3 answers

• Nov 26, 2021 · 3 years ago
  The Sydney forex session can have an impact on the volatility of cryptocurrencies. During this session, there is typically lower trading volume compared to other major forex sessions, such as the London or New York sessions. This lower volume can lead to increased price volatility in the cryptocurrency market, as there may be fewer buyers and sellers to absorb large orders. Additionally, the Sydney session overlaps with the Asian session, which includes markets like Japan and South Korea that have a significant influence on the cryptocurrency market. Any news or events during the Sydney session can therefore have a ripple effect on cryptocurrency prices.
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• Nov 26, 2021 · 3 years ago
  The Sydney forex session does have an impact on the volatility of cryptocurrencies. As the session overlaps with the Asian session, it can be a time when important news and events from countries like Japan and South Korea are released. These news and events can have a significant impact on the cryptocurrency market, leading to increased volatility. Traders and investors closely monitor the Sydney session for any developments that could affect the price of cryptocurrencies.
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• Nov 26, 2021 · 3 years ago
  The Sydney forex session can indeed impact the volatility of cryptocurrencies. As an expert in the field, I've observed that during the Sydney session, there is often a decrease in liquidity in the cryptocurrency market. This decrease in liquidity can result in larger price swings, as there may be fewer market participants to absorb buy or sell orders. It's important for traders to be aware of this and adjust their strategies accordingly during the Sydney session.
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