The forex exchange market, also known as the foreign exchange market, is a global decentralized market where currencies are traded. It is open 24 hours a day, five days a week, from Monday to Friday. However, during certain times of the year, such as holidays or special events, the forex market may have different trading hours. December 2016 is one such period where the forex market has different trading hours due to the holiday season.
The forex market is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. Each of these sessions has different trading hours, which overlap with each other, allowing traders to trade currencies 24 hours a day. However, during the holiday season, the forex market may close earlier or later than usual.
In December 2016, the forex market will have different trading hours due to the Christmas and New Year holidays. The exact trading hours will vary depending on the currency pair being traded, as well as the broker used by the trader. However, the general trading hours for the forex market during the holiday season are as follows:
Christmas Day – December 25th
The forex market will be closed on December 25th, which is Christmas Day. This means that traders will not be able to trade any currency pairs on this day. However, some brokers may allow traders to place orders during this time, which will be executed when the market reopens.
Boxing Day – December 26th
The forex market will be open on December 26th, which is Boxing Day. However, the trading hours may be shorter than usual, and some brokers may close early on this day. Traders should check with their broker to confirm the trading hours.
New Year’s Day – January 1st
The forex market will be closed on January 1st, which is New Year’s Day. This means that traders will not be able to trade any currency pairs on this day. However, some brokers may allow traders to place orders during this time, which will be executed when the market reopens.
New Year’s Eve – December 31st
The forex market will be open on December 31st, which is New Year’s Eve. However, the trading hours may be shorter than usual, and some brokers may close early on this day. Traders should check with their broker to confirm the trading hours.
In addition to the holiday season, the forex market may have different trading hours during other periods of the year, such as during major news events or economic data releases. Traders should always check with their broker to confirm the trading hours, as well as any changes to the trading hours due to holidays or other events.
In conclusion, the forex market is open 24 hours a day, five days a week, from Monday to Friday. However, during the holiday season, the trading hours may be shorter or different than usual. In December 2016, the forex market will be closed on Christmas Day and New Year’s Day, but will be open on Boxing Day and New Year’s Eve, although the trading hours may be shorter than usual. Traders should always check with their broker to confirm the trading hours, as well as any changes to the trading hours due to holidays or other events.
