May question is probably stupid, however I cannot find some reasonable explanation who (and to what extent) is influencing the prices at the Forex market.
Most of the stuff I found on the Internet sounds more like a conspiration theory and the explanation are not really consistent together.
Basically I would like to know, how big share of the changes in forex market is done by different user classes like: national banks, private banks, forex traders, etc...
I guess there would be some papers about this topic, however I am unable to find something decent (probably I am lacking keywords or other knowledge).