A broad sense refers to the foreign exchange market foreign exchange trading venues, and even personal foreign exchange trading venues, foreign currency futures, etc.; narrow the foreign exchange market refers to the specialized banks, foreign exchange, foreign exchange brokers, central bank for transaction of the main, by telephone, telex, transaction machines and other modern communication means to achieve transactions, the invisible market.
Currently the world’s major foreign exchange markets, including Europe, London, Frankfurt, Paris, Zurich foreign exchange market, North America, New York, Asia, Tokyo, Hong Kong, Singapore foreign exchange market, Australia, Sydney, Wellington market, mutual extension of time in these markets together constitute a world non-stop foreign exchange market, which the London foreign exchange market trading volume was the largest and therefore the European market is also a strong liquid market, and the New York foreign exchange market volatility often larger, mainly due to the U.S. operation of a large number of investment funds as well as the New York market, often in exchange for a greater impact of some events, such as the Federal Reserve interest rate decision, the U.S. release of key economic data. Understand the different characteristics of the market for understanding the authenticity of the exchange rate and conduct of the exchange rate forecast will certainly be helpful. Usually we are talking about closing the day is closing in New York foreign exchange market participants include foreign exchange banks, central banks, currency speculators, foreign exchange brokerage firms, large investment funds, the actual foreign exchange supply and demand of persons. By understanding the financial trends in the foreign exchange market participants in forecasting trends is also of great help, such as the Japanese fiscal year of repatriation of funds in Japan will cause upward pressure on the yen, the British company for the German company’s large-scale acquisition would constitute a EUR / GBP crosses The increase in the Bank of Japan intervened in currency markets by selling yen would cause the depreciation of the yen, Japanese investors in the Australian dollar-denominated bonds issued in Australia will cause AUD / JPY crosses the rise and so on. As long as good at analyzing the main trends and characteristics of the transaction will seek from a number of clues to the direction of the exchange rate.