Why Does The Forex Market Close On Saturdays From Friday Sundown On?
February 9th, 2010 | by Frenday |Does it have anything to do with the Jewish Sabbath?
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One Response to “Why Does The Forex Market Close On Saturdays From Friday Sundown On?”
By swarovski crystals on Feb 9, 2010 | Reply
Thats because forex market is a bank driven market..So, during US day time, the US banks trade and then the forex market is taken over by Australia/Japenese banks during US eveneing , which is then taken over by Europeion markets during 2 AM EST..
During Friday evening to Sunday afternoon, no bank operates in the world, so the market doesn’t work..:-)http://the-forex-trading.blogspot.com/