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

Does it have anything to do with the Jewish Sabbath? 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..:-) http://the-forex-trading.blogspot.com/