The forex market is the largest financial market in the world, with trillions of dollars traded every day. It is also a market that never sleeps, as it operates 24 hours a day, five days a week. However, even the forex market takes a break on certain holidays, including Christmas.
Christmas is one of the most widely celebrated holidays around the world, and it is also a time when many people take a break from work and spend time with their families. As such, it is not surprising that the forex market closes for Christmas. But when exactly does this happen?
The forex market closes for Christmas on December 25th, which is a public holiday in most countries around the world. However, the exact timing of the closure can vary depending on where you are in the world and what time zone you are in.
For example, in Australia, the forex market closes at 7 pm on December 24th and reopens at 10 pm on December 27th. In the UK, the forex market closes at 10 pm on December 24th and reopens at 10 pm on December 27th. In the US, the forex market closes at 5 pm EST on December 24th and reopens at 5 pm EST on December 27th.
It is worth noting that the forex market may also close early on December 24th, depending on the individual trading platform and broker. Some brokers may close their trading platforms as early as 2 pm EST on December 24th, while others may stay open until 4 pm EST.
It is important to be aware of the exact timings of the forex market closure for Christmas, as it can have an impact on your trading strategy. If you are a short-term trader, you may want to close out any open positions before the market closes on December 24th to avoid any potential volatility or unexpected market movements over the holiday period.
On the other hand, if you are a long-term trader, you may not be too concerned about the Christmas closure, as you are more interested in the big picture trends and movements of the market over the long term.
In summary, the forex market closes for Christmas on December 25th, but the exact timings of the closure can vary depending on where you are in the world and what time zone you are in. It is important to be aware of the closure and to plan your trading strategy accordingly, particularly if you are a short-term trader.
