The foreign exchange market has no fixed place of trading, there is no market City: Unlike the stock exchange are centralized locations, foreign exchange trading through banks, enterprises and individuals between the start of electronic currency trading online. A large number of participants per day, including national government or central bank, commercial banks, other financial institutions, corporations and other businesses and individual customers will be in this market transactions, the daily turnover of up to 1.9 trillion U.S. dollars.
The world’s major financial centers including London, New York, Tokyo and Sydney, when these financial center banks and other financial institutions, when opening foreign exchange trading volume increased accordingly, thus forming the North American market, the Asian market, European market and the Australian market. With the stock market, these markets opening and closing time in a relative sense, mainly to work and rest time for each market as a reference. Generally, each market from 8 am to 5 pm, trading is relatively active turnover rate as well. This time, including by the weekend, trading activity is still underway, but tends to dull. The time difference between these markets, just to connect into a 24-hour continuous operation of the global foreign exchange market.
The United States Eastern Standard Time prevail at around 6:00 pm Sydney, Australia, began to actively market transactions, foreign exchange market, the curtain opened; 20:00 or so, the Tokyo market start-up; 3:00 or so, the United Kingdom the London market regained consciousness; 8 am points around the United States to join the New York market.
In addition, subject to various market itself in the international economic environment, the financial position of influence in their daily movements of the market has shown a different character.
Australian market, the Asian market volatility of the stock market are mostly small, often the previous trading day and carry out rectification of the stock market regulator, major news in general small, only Japan and Australia will have important economic and press releases. But if the weekend there have been significant political or other aspects of the event, Monday will be the first to be reflected in the trend in the Asian market.
To the European market opened, the market trading activity, gradually increased, the European Union, the United Kingdom and other major economies, the gradual economic data have an impact on the market, the market often in the day Quote of the start-up phase. In the European market, the currency gradually from the Asian market turbulence out of the pattern, start a new day to prepare for the outbreak of Quotes, sometimes leading the trend in North America Quotes.
The North American market is often the most active day trading period. Particularly in North America early, because this time the London market is still in operation, the equivalent of two turnover in the market. Then tend to lead to greater volatility, that is, the outbreak of the day Quotes stage. Moreover, the average American’s key economic data is in the United States at around 8:30 am Eastern time announcement. Historically, statistics show that more than 80% of the days of major fluctuations arising from the North American market, where it is essential that an hour after opening in North America, which determines the operating throughout North America set the tone, our analysis to determine Quotes of the time, also need to special attention to North America, opened the first hour of operation.
In such a 24-hour uninterrupted operation of the foreign exchange market has become a day and night market. It is this continuous operation to provide investors with no barriers of time and space an ideal place for investment, investors can find the most suitable time to conduct transactions.
