Forex or foreign exchange is a decentralized market for the trading of currencies. It operates 24 hours a day, five days a week, from Sunday evening to Friday night. However, there are specific holidays on which the forex market is closed. These holidays are observed by all major financial institutions, including banks, stock exchanges, and forex brokers. In this article, we will discuss the holidays on which forex closes.
New Year’s Day
The first holiday on which forex closes is New Year’s Day, which falls on January 1st. It is a global holiday, and all financial markets, including forex, remain closed on this day. The forex market typically closes early on December 31st, and trading resumes on the next business day after New Year’s Day.
Martin Luther King Jr. Day
The second holiday on which forex closes is Martin Luther King Jr. Day, which is celebrated on the third Monday of January. This holiday is observed in the United States and several other countries. The forex market remains closed on this day, and trading resumes on the next business day.
Presidents’ Day
The third holiday on which forex closes is Presidents’ Day, which is celebrated on the third Monday of February. It is a public holiday in the United States, and the forex market remains closed on this day. Trading resumes on the next business day.
Good Friday
The fourth holiday on which forex closes is Good Friday, which falls on the Friday before Easter Sunday. It is a Christian holiday, and the forex market remains closed on this day. Trading resumes on the next business day.
May Day
The fifth holiday on which forex closes is May Day, which is celebrated on May 1st. It is a public holiday in several countries, including China, Russia, and most of Europe. The forex market remains closed on this day, and trading resumes on the next business day.
Memorial Day
The sixth holiday on which forex closes is Memorial Day, which is celebrated on the last Monday of May. It is a federal holiday in the United States, and the forex market remains closed on this day. Trading resumes on the next business day.
Independence Day
The seventh holiday on which forex closes is Independence Day, which is celebrated on July 4th. It is a federal holiday in the United States, and the forex market remains closed on this day. Trading resumes on the next business day.
Labor Day
The eighth holiday on which forex closes is Labor Day, which is celebrated on the first Monday of September. It is a federal holiday in the United States, and the forex market remains closed on this day. Trading resumes on the next business day.
Thanksgiving Day
The ninth holiday on which forex closes is Thanksgiving Day, which is celebrated on the fourth Thursday of November. It is a federal holiday in the United States, and the forex market remains closed on this day. Trading resumes on the next business day.
Christmas Day
The tenth and final holiday on which forex closes is Christmas Day, which falls on December 25th. It is a global holiday, and the forex market remains closed on this day. Trading typically closes early on Christmas Eve and resumes on the next business day after Christmas.
In conclusion, the forex market is closed on ten major holidays throughout the year. These holidays are observed globally and by all major financial institutions. It is essential for forex traders to be aware of these closures to plan their trading activities and avoid any potential losses.
