For other uses, see Forex (disambiguation). CME Group has rationalized its FX fixing price methodology for both the 9:00 a.m. European-style and 2:00 p.m. American-style fixings. TRADING HOURS:The FOREX market can be broadly classified into spot and futures market. Among them the spot market is regarded as the fastest and most flexible market for short-term trades.
IconicFX specializes in spot currency trading with spread rates of 5 to 8 pips on major currency pairs. Working round-the-clock, the spot market opens its business doors each day in New Zea. A:The foreign exchange market, or forex, is the market in which the currencies of the world are traded by governments, banks, institutional investors and speculators. The forex is the largest market in the world and is considered a 24-hour market because currencies are traded around the world in various markets, providing traders with the constant ability to trade currencies.
The forex opens at 5pm EST closint Sunday and runs until 5pm EST on Friday, fored 24 hours a day during this time.
Fx clearing forex closing prices