The foreign exchange market, or forex, is a global market that operates 24 hours a day, five days a week. However, there are times when the market is closed due to holidays, including Christmas. In this article, we will discuss what time forex opens after Christmas in the USA.
Forex Market Hours
Before we discuss the opening time after Christmas, it is important to understand the regular forex market hours. The forex market opens on Sunday at 5 pm EST and closes on Friday at 5 pm EST. This means it is open for trading 24 hours a day, five days a week. However, some markets are more active than others at certain times of the day.
The forex market is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. The Sydney and Tokyo sessions overlap for a few hours, as do the London and New York sessions. The most active trading hours are during the overlap of the London and New York sessions, which is from 8 am to 12 pm EST.
Forex Market Holidays
The forex market is closed on weekends and some holidays. The holidays vary depending on the country and market. Some holidays are observed globally, such as Christmas and New Year’s Day. Other holidays are observed only in specific countries or regions.
When the forex market is closed, traders cannot buy or sell currencies. It is important to pay attention to market holidays, as they can affect trading strategies and market volatility. Some traders choose to take a break during holidays, while others may look for opportunities in other markets.
What Time Does Forex Open After Christmas in the USA?
In the USA, Christmas Day is observed on December 25th. It is a federal holiday, which means that banks and financial institutions are closed. The forex market is also closed on Christmas Day, and trading does not resume until the next business day.
The next business day after Christmas Day is December 28th. However, some markets may not open until December 29th, depending on the time zone. For example, the Sydney market opens at 5 pm EST on December 27th, while the Tokyo market opens at 7 pm EST on December 27th. The London market opens at 3 am EST on December 28th, while the New York market opens at 8 am EST on December 28th.
It is important to note that market hours may vary during holiday weeks, as some traders may take extended breaks. Additionally, market volatility may be lower during holiday weeks, as there are fewer traders in the market.
Conclusion
The forex market is a 24-hour market that operates five days a week. However, the market is closed on weekends and some holidays, including Christmas Day. In the USA, the forex market typically opens the next business day after Christmas, which is December 28th. However, market hours may vary during holiday weeks, and traders should pay attention to market holidays and their impact on trading strategies and market volatility.
