When Does Forex Market Open After Christmas in 2022. and 2023?
The foreign exchange (Forex) market is the largest financial market globally, and the value of the daily trading volume is estimated at approximately $5.1 trillion. Hedge funds, banks, and other large financial companies are the major traders in the Forex market. Usually, the Forex market is open for trading all 24 hours of the day and five days of the week, starting Monday and closing on Friday.
Saturday and Sunday are the weekend holidays for the Forex market. When the trading volumes are low due to holidays, off-market trades can cause changes in foreign exchange rates with noticeable fluctuations. In addition to the holidays on weekends, other public holidays affect the Forex market, changing it. These public holidays are Christmas, New Year’s Eve, and Thanksgiving Day.
If you want to learn more about when the market opens and about trading sessions, visit our page.
Forex trading times on Christmas are different because of nonworking hours – see below.
Forex market opening after Christmas
The market will be closed during Christmas 2022. because 25. December Christmas Day is Sunday. During the New year holidays in 2022/2023 forex market will be closed on Mondays 26. December (partly) 2022 and the whole day on Monday, January 02. 2023.
See forex trading during Christmas:
DATE TRADING HOURS
23/12/2022 Early Closing 18:50
25/12/2022 Closed
26/12/2022 Late opening. Partially working time.
27-30.12.2022. Normal Hours
30/12/2022 Early Closing 18:50
1/1/2023 Closed
2/1/2023 Closed
Table: Forex trading times Christmas
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When Does Forex Market Open After Christmas?
The forex market will open after Christmas on 26.12.2022. on Monday night. Christmas Day this year is on Sunday, so Monday is Federal Holiday in many countries. Most for the day, during 26. December 2022. forex market will be closed.
Some Forex traders would like to find out when does Forex market opens after Christmas. Usually, the Forex markets remain closed on December 26, after Christmas, called Boxing Day. This day is a public holiday in Canada, Europe, and Australasia. After a Christmas Day and Boxing Day holiday, the Forex market will open on the 28th. However, this Forex market is mainly open to different countries’ central banks; it is often closed for retail traders.
In Greece, the Orthodox Church, Eastern Europe, including Russia follows the Julian Calendar, and Christmas is celebrated on January 7. Hence the Forex markets in these countries will remain closed on January 7 and on January 8.
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