Monitor French bank closures on Christmas, impacting Forex liquidity and market volatility.
French banks will close in observance of Christmas Day. As banks handle the majority of foreign exchange transactions, their closure results in decreased market liquidity, allowing speculators to have a greater impact on the market. This scenario can cause volatility levels to fluctuate significantly, either increasing or decreasing abnormally. Most Forex brokers operate normally during holidays, with the exceptions of Christmas and New Year's Day, whereas stock markets and banks often have different holiday schedules.
What it Measures
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Usual Effect
Reduced liquidity and unusual volatility patterns.
Source & Frequency
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How Data is Derived
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Also Known As
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Acronym
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