Forex, the world’s largest and most liquid financial market, is a decentralized market that operates 24 hours a day, five days a week. However, like all financial markets, Forex too takes a break for certain holidays. Christmas is one such holiday, and many traders are curious to know when Forex closes for Christmas 2017.
In general, Forex trading takes place between Sunday at 5 PM EST and Friday at 5 PM EST. However, during the holiday season, trading hours may vary due to closures of banks and financial institutions. Christmas is a major holiday in many parts of the world and as such, Forex will close down for Christmas.
In 2017, Christmas falls on Monday, December 25th. Many countries across the world, including the United States, Canada, the United Kingdom, and Australia, observe Christmas as a public holiday. As a result, Forex trading hours will vary depending on the country and the trading platform.
For traders in the United States, Forex trading hours will be affected by the Christmas holiday. The Forex market will close on Friday, December 22nd, 2017, at 5 PM EST and will reopen on Tuesday, December 26th, 2017, at 5 PM EST. This means that there will be no trading activity in the Forex market on Monday, December 25th, 2017.
Similarly, Forex trading hours in the United Kingdom will also be affected by the Christmas holiday. The Forex market will close on Friday, December 22nd, 2017, at 10 PM GMT and will reopen on Tuesday, December 26th, 2017, at 10 PM GMT. This means that there will be no trading activity in the Forex market on Monday, December 25th, 2017.
In Australia, Forex trading hours will also be affected by the Christmas holiday. The Forex market will close on Friday, December 22nd, 2017, at 4 PM AEDT and will reopen on Tuesday, December 26th, 2017, at 4 PM AEDT. This means that there will be no trading activity in the Forex market on Monday, December 25th, 2017.
It is important to note that Forex brokers may have different trading hours during the Christmas holiday. Traders should check with their Forex broker to confirm their trading hours during the holiday season. Additionally, traders should be aware that trading volumes may be lower during the holiday season, which could lead to increased volatility and wider spreads.
In conclusion, Forex trading hours will be affected by the Christmas holiday in 2017. Trading hours will vary depending on the country and the trading platform. Traders should check with their Forex broker to confirm their trading hours during the holiday season. Additionally, traders should be aware that trading volumes may be lower during the holiday season, which could lead to increased volatility and wider spreads.
