Monitor AU Bank Holiday impacts on Forex liquidity and volatility due to closed banks.
Australian banks will be closed to observe Christmas Day. Banks handle the majority of forex trading volume, and their closure results in lower market liquidity, allowing speculators to have a more significant impact. This can trigger both unusually low and high volatility in the market. Most forex brokers generally remain open during holidays, with the exceptions being Christmas and New Year's Day. Note that stock markets and banks may have different holiday schedules.
What it Measures
N/A
Usual Effect
Reduced liquidity and unpredictable volatility.
Source & Frequency
N/A
How Data is Derived
N/A
Also Known As
N/A
Acronym
N/A