Does the forex market have any holidays?
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?
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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.
March 24th, 2009 at 8:13 am
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.
March 27th, 2009 at 9:23 am
I second the guy ahead of me.
March 29th, 2009 at 6:52 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.
March 30th, 2009 at 7:05 pm
It depends on the country / currency. If the country is on holiday, corresponding currency trading is closed.
April 1st, 2009 at 4:36 pm
Each country has different holidays, but you can find an open Forex arena almost always somewhere around the world