Monitor German bank closures on Christmas Eve, impacting Forex liquidity and volatility.
German financial institutions will be closed in observance of Christmas Eve. Since banks handle a large portion of forex trading volume, their closure can reduce market liquidity, making speculators a more influential presence. This condition can result in both unusually low and unusually high market volatility. Most Forex brokers remain operational on all holidays except for Christmas and New Year's Day, and the holiday schedules can vary slightly from those of stock markets.
What it Measures
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Usual Effect
Reduced liquidity and inconsistent volatility.
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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