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When will the forex market close christmas 2016?

The forex market is a global decentralized market for trading currencies. It operates 24 hours a day, five days a week, except for weekends and certain holidays. Christmas is one of the holidays when the forex market closes.

In 2016, Christmas falls on a Sunday, and the forex market will be closed on Monday, December 26th, in observance of Christmas Day. This means that forex traders will not be able to trade currencies on this day.

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However, it is important to note that the forex market is a global market, and different countries observe different holidays. For example, the Japanese market will be closed on December 23rd, in observance of Emperor’s Birthday, while the Canadian market will be closed on December 26th, in observance of Boxing Day.

It is also important to note that while the forex market may be closed on certain holidays, other financial markets may be open. For example, the stock market may be open on Boxing Day, even though the forex market is closed.

The forex market is closed on holidays for several reasons. Firstly, holidays are meant to be a time for rest and relaxation, and traders and brokers need time off to recharge their batteries. Secondly, holidays allow for the maintenance and upgrading of trading platforms and other trading-related systems. This ensures that the market is able to function smoothly and efficiently when it reopens.

Traders should also be aware that the forex market may experience increased volatility and thin liquidity around holiday periods. This is because many traders and investors may be away from their desks, and market participation may be lower than usual. This can lead to wider bid-ask spreads and more volatile price movements.

In conclusion, the forex market will be closed on Monday, December 26th, in observance of Christmas Day. However, traders should also be aware of other holidays that may affect the forex market in different countries. It is important for traders to plan their trading strategies around these holiday periods and be mindful of the increased volatility and thin liquidity that may occur.

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