The forex market is a global decentralized market where currencies are traded. It operates 24 hours a day, 5 days a week, except for weekends and public holidays. Christmas is one of the most celebrated holidays around the world, and it is also a time when the forex market is affected. In this article, we will discuss when the forex market reopens after Christmas.
The forex market is closed during Christmas Day, which is December 25th, and Boxing Day, which is December 26th. These two days are public holidays in many countries around the world, including the United States, Europe, and Australia. As a result, the forex market is closed, and traders cannot trade during these two days.
However, the forex market reopens on December 27th, which is the day after Boxing Day. The market opens at different times depending on the time zone. For instance, in the United States, the forex market opens at 5:00 pm EST on December 27th, while in Europe, it opens at 7:00 am GMT on December 27th. In Australia, the forex market opens at 10:00 am AEDT on December 27th.
It is important to note that the forex market may experience low liquidity during the first few days after Christmas. This is because many traders take a break during the holiday season, resulting in reduced trading volumes. Low liquidity can cause wider spreads and more significant price fluctuations, which can increase the risk of trading.
Traders should also be aware of the upcoming New Year’s Day holiday, which is on January 1st. Similar to Christmas Day and Boxing Day, the forex market is closed on New Year’s Day. However, the market reopens on January 2nd, which is the day after New Year’s Day. The forex market opens at different times depending on the time zone, just like on December 27th.
In conclusion, the forex market reopens after Christmas on December 27th, the day after Boxing Day. However, traders should be aware of low liquidity during the first few days after Christmas, which can increase the risk of trading. Additionally, the forex market is closed on New Year’s Day, but it reopens on January 2nd. Traders should always keep an eye on the holiday schedule to avoid any inconvenience and be prepared for any market fluctuations.
