Average Daily Turnover by Currency Pair

Currency Pairs

Majors: EUR/USD, USD/JPY, GBP/USD, USD/CHF
Dollar bloc: USD/CAD, AUD/USD, NZD/USD
Major crosses: EUR/JPY, EUR/GBP, EUR/CHF

Currency Codes

• 
  USD = US Dollar
  EUR = Euro
  JPY = Japanese Yen
  GBP = British Pound
  CHF = Swiss Franc
  CAD = Canadian Dollar
  AUD = Australian Dollar
  NZD = New Zealand Dollar

Currencies

The US dollar is involved in over 80% of all foreign exchange transactions, equivalent to over US$2.7 trillion per day

Technical Analysis

Commonly used technical indicators:
Moving averages
RSI
Fibonacci retracements
Stochastics
MACD
Momentum
Bollinger bands
Pivot point
Elliott Wave

Major Markets

• 
  The US & UK markets account for just over 50% of turnover
  Major markets: London, New York, Tokyo
  Trading activity is heaviest when major markets overlap5
  Nearly two-thirds of NY activity occurs in the morning hours while European markets are open6
  5. The Foreign Exchange Market in the United States - NY Federal Reserve6. The Foreign Exchange Market in the United States - NY Federal Reserve
  Average Daily Turnover by Geographic Location


• 

Size

Largest financial market in the world
$3.2 trillion average daily turnover, equivalent to:
More than 10 times the average daily turnover of global equity markets1
More than 35 times the average daily turnover of the NYSE2
Nearly $500 a day for every man, woman, and child on earth3
An annual turnover more than 10 times world GDP4
The spot market accounts for just under one-third of daily turnover
1. About $280 billion - World Federation of Exchanges aggregate 2006 2. About $87 billion - World Federation of Exchanges 2006 3. Based on world population of 6.6 billion - US Census Bureau 4. About $48 trillion - World Bank 2006.