Wellington foreign exchange market in New Zealand: 04: 00- 12: 00
Australian foreign exchange market: 6: 00- 14: 00
Tokyo foreign exchange market: 08: 00- 15: 30.
Singapore foreign exchange market: 09: 00- 16: 00
Foreign exchange market in London, UK: 15: 30-23: 30 (winter time: 16:30-00:30)
Frankfurt foreign exchange market: 15: 30-00: 30.
New york foreign exchange market: 20: 20-03: 00 (winter time: 2 1:20-04:00).
Hong Kong: 09: 00- 16: 00
2. Foreign exchange is the creditor's rights held by the monetary management authorities (central bank, monetary management institutions, foreign exchange stabilization fund and the Ministry of Finance) in the form of bank deposits, treasury bonds, long-term and short-term government securities, etc. Can be used when the balance of payments is in deficit. Including foreign currency, foreign currency deposits, foreign currency securities (treasury bonds, treasury bonds, corporate bonds, stocks, etc.). ) and foreign currency payment vouchers (bills, bank deposit vouchers, postal savings vouchers, etc.). ).
The opening price of foreign exchange today is yesterday's closing price, and today's closing price is tomorrow's opening price.
This price change is determined by the fluctuation of market demand. So far, no individual, organization or country can influence the international foreign exchange price. As we all know, the stock market and futures can be manipulated, but the foreign exchange market is absolutely impossible.
1. The main features of the foreign exchange market are:
First, there is no definite opening and closing time.
Second, there is no need for face-to-face transactions between foreign exchange buyers and sellers, and foreign exchange supply and demand parties communicate with foreign exchange institutions through telex, telegram, telephone and other communication equipment.
Third, there is a good trust relationship between the subjects, otherwise, this transaction will be difficult to complete. Except for some foreign exchange transactions between banks and customers in some European countries, foreign exchange transactions in all countries of the world are conducted through modern communication networks. Intangible foreign exchange market has become the dominant form of foreign exchange market today.
Secondly, it summarizes the reasons why the closing price of foreign exchange economy is inconsistent. There are several points:
First, LP is different.
Different quotations will lead to slightly different quotations (LP is a liquidity integrator);
Second, the closing price is displayed in different ways and spreads.
Usually MT4 gives the selling price of customers, but some customers or platforms set the middle price or the buying price, and the price difference between platforms is inconsistent. For example, if the same median price is 1200 and the price difference between platform A and platform B is 4 and 6 respectively, then the selling prices of A and B are 1 199.8 and 1 199.7 respectively.
Third, the liquidation time is different.
You know, even foreign exchange can't be traded for a few minutes, so the clearing time of different platforms is often inconsistent, which is one of the reasons for the inconsistent closing price.