Nov
26
Does the forex market have any holidays?
Posted by admin under Investing
Kevin S asked:
Or is it 24 hours, 5 days per week, 52 weeks per year?
I have two people saying that there are no holidays and one that says there are a few. Anyone seeing this mind rating their answers or giving me a link? Thanks!
Thank you all for your answers. Say it is the 4th of July. Would I expect the New York exchange to be closed, while the market remained remained open 24 hours from another exchange? Or would New York remain open as it is electronic, and there would just be lower volume as both bigger players and traders took off?
Or is it 24 hours, 5 days per week, 52 weeks per year?
I have two people saying that there are no holidays and one that says there are a few. Anyone seeing this mind rating their answers or giving me a link? Thanks!
Thank you all for your answers. Say it is the 4th of July. Would I expect the New York exchange to be closed, while the market remained remained open 24 hours from another exchange? Or would New York remain open as it is electronic, and there would just be lower volume as both bigger players and traders took off?
Thanks for your help.
November 29th, 2008 at 6:10 pm
Since many holidays are specific to a particular nation, and since FOREX is global, what you could see on holidays is low volume/ high volatility; the nation experiencing the holiday could be taking a break, but other nations not taking that holiday would be trading its currency.
An example of this is thanksgiving or the Japanese new year (which occurs after the first week of January). In the former case, American traders might not be trading, but others would be. And so on, in the latter case.
I do not know of any global holiday that would cause everyone around the world not to trade; except Saturday’s.
December 2nd, 2008 at 2:51 pm
I second the guy ahead of me.
December 4th, 2008 at 12:37 am
Generally when the equity markets in the US are on holiday, the forex markets may likewise on some of those. Not all of course, especially the more “US-specific” ones. But yes, there are holidays in Forex.
December 5th, 2008 at 12:06 am
It depends on the country / currency. If the country is on holiday, corresponding currency trading is closed.
December 6th, 2008 at 5:28 am
Each country has different holidays, but you can find an open Forex arena almost always somewhere around the world