Major Markets

Major Markets
Major MarketsThe US & UK markets account for just over 50% of turnoverMajor markets: London, New York, TokyoTrading activity is heaviest when major markets overlap5Nearly two-thirds of NY activity occurs in the morning hours while European markets are open65. The Foreign Exchange Market in the United States - NY Federal Reserve6. The Foreign Exchange Market in the United States - NY Federal ReserveAverage Daily Turnover by Geographic LocationSource: BIS Triennial Survey 2007Concentration in the Banking Industry12 banks account for 75% of turnover in the U.K.10 banks account for 75% of turnover in the U.S.3 banks account for 75% of turnover in Switzerland9 banks account for 75% of turnover in JapanSource: BIS Triennial Survey 2007Technical AnalysisCommonly used technical indicators:Moving averagesRSIFibonacci retracementsStochasticsMACDMomentumBollinger bandsPivot pointElliott WaveCurrenciesThe US dollar is involved in over 80% of all foreign exchange transactions, equivalent to over US$2.7 trillion per day