Characteristic periodicities of collective behavior at the foreign exchange market

As the result of empirical investigations into the foreign exchange market a group structure of characteristic periodic decisions of market participants is found. In order to explain this finding at the microscopic level the agent-based model of a financial market in which N market participants trade M financial commodities is considered. If different sources of periodic information exist then the relationship among these characteristic periodic behaviors may be associated with a special structure where market participants perceive such information in the foreign exchange market. PACS. 02.50.-r Probability theory, stochastic processes, and statistics – 87.15.Ya Fluctuations – 89.65.Gh Economics; econophysics, financial markets, business and management – 89.75.Fb Structures and organization in complex systems