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-: Infobox :-

The international currency market FOREX appeared at the early 70th of the XX century as a result of origin of the system of floating courses of national currencies (since March 1973). Importers and exporters and bank structures connected with them were forced to become the regular participants of currency market, as the changes of courses of currencies showed their financial performances both with positive and from a negative side... read more >>

Time of markets' work

Functioning of currency markets is not halted not even for a minute. In calendar days they start working at Far East, in New Zealand (Wellington), passing time zones consistently - in Sidney, Tokyo, Hong Kong, Singapore, Moscow, Frankfurt-on-Mein, London and finishing day in New York and Los Angeles. Counting out of time zones is conducted from a zero-meridian passing through Greenwich (suburb of London), and time carries the name of world or GMT - Greenwich Mean Time. Depending on a season (summer or winter) time in different financial centers of earth will differ from the world time GMT.

Working day of currency dealers of western commercial banks begins usually at 7.30 AM by local time. At 8.00 AM dealers are actively engaged in the process already. Morning for half an hour is usually dedicated to the short analysis of events happening in the world currency markets to the moment of beginning of work. Dealers use the technical analysis of market economic and here, the analytical articles are read in a press, exchange of the viewpoints is held, and also fresh news are taken from each other and from the dealers of other commercial banks. On the basis of various information gradually there is the picture of possible conduct of rate of exchange on a forthcoming day with different variants of probability of all the events.

To 8 AM the market consisting of individual dealers produces tactic of conduct on the whole and begins activity at the world currency market, giving a new energetic impulse of motion of rate of exchange. Different territorial markets can give next descriptions to middle typical activity during days.

-: News :-

01// As well as any market, FOREX has the participants: they are persons accomplishing transactions and intermediary operations. Central banks take part as members. The management by currency backlogs, conducting of currency interventions having influence on the level of exchange rate, is included in their function, and also adjusting of level of interest rates on the investments in national currency.

02// International corporations, carrying out foreign trade operations, companies participating in international trade is steady demand produced on foreign currency (in part of importers) and suggestion of currency (exporters), and also placed and attracted free currency tailings in short-term deposits. Thus these organizations of direct access to the currency market, as a rule, do not have and conduct conversion and deposit operations through commercial banks.

03// Functioning of currency markets is not halted not even for a minute. In calendar days they start working at Far East, in New Zealand (Wellington), passing time zones consistently - in Sidney, Tokyo, Hong Kong, Singapore, Moscow, Frankfurt-on-Mein, London and finishing day in New York and Los Angeles. Counting out of time zones is conducted from a zero-meridian passing through Greenwich (suburb of London), and time carries the name of world or GMT - Greenwich Mean Time.

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