Forex, or foreign exchange, is the largest financial market in the world where currencies are traded 24/7. Traders from different parts of the world participate in this market, making it a global platform for exchanging currencies. However, there are certain holidays when the forex market remains closed. In this article, we will discuss in detail what holidays are forex closed.
Firstly, it is important to note that the forex market remains open for 24 hours a day, except on weekends. It opens on Sunday at 5:00 pm EST and closes on Friday at 5:00 pm EST. However, there are certain holidays when the forex market remains closed. These holidays are observed by major financial centers around the world, and the forex market follows these closures.
The first major holiday that affects the forex market is Christmas. Christmas is a major holiday celebrated around the world, and it is observed on December 25th each year. Most of the financial centers around the world remain closed on this day, including the New York Stock Exchange (NYSE) and the London Stock Exchange (LSE). As a result, the forex market also remains closed on Christmas Day.
The second major holiday that affects the forex market is New Year’s Day. New Year’s Day is celebrated on January 1st every year, and it is a major holiday around the world. Most of the financial centers around the world remain closed on this day, including the NYSE and the LSE. As a result, the forex market also remains closed on New Year’s Day.
The third major holiday that affects the forex market is Good Friday. Good Friday is a Christian holiday that is observed on the Friday before Easter Sunday. It is a major holiday in many countries around the world, including the United States, the United Kingdom, and Canada. Most of the financial centers around the world remain closed on this day, including the NYSE and the LSE. As a result, the forex market also remains closed on Good Friday.
The fourth major holiday that affects the forex market is Easter Monday. Easter Monday is observed on the Monday after Easter Sunday, and it is a major holiday in many countries around the world, including the United Kingdom, Canada, and Australia. Most of the financial centers around the world remain closed on this day, including the LSE. However, the NYSE remains open on this day, which means that the forex market remains open, but with reduced liquidity and trading volume.
The fifth major holiday that affects the forex market is Labor Day. Labor Day is observed on the first Monday of September in the United States and Canada, and it is a major holiday in these countries. Most of the financial centers around the world remain closed on this day, including the NYSE and the LSE. As a result, the forex market also remains closed on Labor Day.
The sixth major holiday that affects the forex market is Thanksgiving Day. Thanksgiving Day is observed on the fourth Thursday of November in the United States, and it is a major holiday in this country. Most of the financial centers around the world remain closed on this day, including the NYSE and the LSE. As a result, the forex market also remains closed on Thanksgiving Day.
In addition to these major holidays, there are also other holidays that affect the forex market, such as bank holidays in different countries. These bank holidays may cause reduced liquidity and trading volume in the forex market, but they do not result in a complete closure of the market.
In conclusion, the forex market remains open for 24 hours a day, except on weekends and certain holidays. These holidays are observed by major financial centers around the world, and the forex market follows these closures. As a forex trader, it is important to be aware of these holidays and their impact on the market, in order to make informed trading decisions.
