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Typically, the Forex market is open for trading 24 hours a day, five days a week, beginning Monday and ending Friday. Saturday and Sunday are Forex market weekend vacations. Off-market deals can create changes in foreign currency prices with notable volatility when trading volumes are low due to vacations. In addition to weekend holidays, various public holidays have an impact on the Forex market, causing it to change. Christmas, New Year’s Eve, and Thanksgiving Day are all public holidays.
Most brokers will be unable to trade on Wednesday, December 25, 2021.
Open till 8:00 p.m. EET on Tuesday, December 31, 2021. (server time)
The 1st of January, 2022
The currency market will reopen after Christmas on Monday, December 27, 2021.
Some Forex traders want to know when the Forex market reopens after Christmas. Typically, the Forex markets are closed on December 26th, the day after Christmas, known as Boxing Day. This day is observed as a national holiday in Canada, Europe, and Australasia. After a two-day break for Christmas and Boxing Day, the Forex market will reopen on December 28th. However, this Forex market is primarily available to central banks from several nations; it is frequently closed to regular dealers.
The Julian Calendar is used by the Orthodox Church in Greece, Eastern Europe, and Russia, and Christmas is observed on January 7. As a result, the currency markets in these nations will be closed on January 7 and reopen on January 8.
After the holidays, market circumstances shift, and traders’ trading strategies may change. Because most brokers are also on vacation on public holidays, traders are unable to trade without their brokers. Traders should be aware that, while certain nations observe public holidays, the worldwide Forex market never closes.
Except for low trading volumes and low volatility, the forex market will face a significant change in liquidity during the Christmas and New Year holidays, which will have a significant influence on market open. As a result, the currency market’s reopening following the Western holiday season may be very unexpected, and even large trends might shift.
During public holidays, trading conditions in the closed Forex market.
There are no brokers available.
During public holidays, brokers are closed, and so the market is closed for retail traders that rely on brokers. As a result, the Forex market is less volatile since the trading volume is smaller.
Reduced trading volumes
Trading volume in the Forex market refers to the quantity of money transacted within a given time period. Because the Forex market is closed to retail traders on Christmas Day, volatility is significantly decreased due to lower trading volumes.
Very Low Volatility
The decreasing trading volume is the primary cause of the lower volatility. Trading volume and volatility are both reduced as a result of brokers’ unavailability.