The forex market is one of the largest financial markets in the world, with trillions of dollars being traded every day. This market is open 24 hours a day, five days a week, and operates in different time zones around the world. However, during the month of December, the forex market has a specific schedule that traders must be aware of to avoid any confusion or losses.
The forex market is made up of several trading sessions, including the Asian, European, and American sessions. Each session has its unique characteristics, and traders need to understand them to make informed trading decisions. In December, the forex market has a unique schedule due to the holiday season, and traders must be aware of the changes to avoid any surprises.
The forex market opens on Sunday at 5 pm EST, which is Monday morning in Asia. The Asian session starts first, followed by the European session, and then the American session. The Asian session is known for its quiet trading environment, with low volatility and liquidity. During this session, the major currency pairs like the USD/JPY, AUD/USD, and NZD/USD are most active.
The European session starts at 2 am EST and is known for its high volatility and liquidity. This session is the busiest session of the forex market, and the major currency pairs like the EUR/USD, GBP/USD, and USD/CHF are most active during this time. The American session starts at 8 am EST and is known for its high volatility and liquidity as well. During this session, the major currency pairs like the USD/CAD, USD/JPY, and EUR/USD are most active.
During the month of December, the forex market has a unique schedule due to the holiday season. On December 24th, the forex market closes early at 1 pm EST. This means that the American session will only be open for five hours instead of the usual eight hours. On December 25th, the forex market is closed in observance of Christmas Day.
On December 31st, the forex market also closes early at 1 pm EST. This means that the American session will only be open for five hours instead of the usual eight hours. On January 1st, the forex market is closed in observance of New Year’s Day. It is important for traders to note that during these holiday periods, liquidity and volatility may be lower than usual, and spreads may widen.
In conclusion, the forex market is open 24 hours a day, five days a week, and operates in different time zones around the world. During the month of December, the forex market has a unique schedule due to the holiday season. Traders must be aware of the changes in the schedule to avoid any surprises and losses. It is also essential to note that during the holiday periods, liquidity and volatility may be lower than usual, and spreads may widen. As such, traders should exercise caution and be patient when trading during the holiday season.
