Monitor CA Bank Holiday impacts on Forex liquidity and volatility due to closed banks.
Canadian banks will shut their doors in observance of Christmas Day. As banks account for the bulk of foreign exchange transactions, their closure results in decreased market liquidity, allowing speculators to exert greater influence. Consequently, this can trigger both unusually low and high market volatility. Most Forex brokers operate on all holidays except for Christmas and New Year's Day, while stock markets and banks follow slightly 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