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Why does the forex market close on Saturdays from Friday sundown on?

Published September 17, 2011 | By Automated Forex
forex22 Why does the forex market close on Saturdays from Friday sundown on?
Godworshiper asked:

Does it have anything to do with the Jewish Sabbath?

Cinda
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One Response to Why does the forex market close on Saturdays from Friday sundown on?

  • rahul says:
    August 29, 2010 at 2:44 am

    Robert

    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..:-)

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