Monitor SZ Bank Holiday impacts on Forex liquidity and volatility due to closed Swiss banks.
Swiss banks will shut down operations in recognition of Christmas Day. As banks account for most of the foreign exchange activity, their closure leads to reduced market liquidity, allowing speculators to significantly influence market dynamics. This can result in unusual fluctuations, both low and high in volatility. Generally, most Forex brokers operate during all holidays except for Christmas and New Year's Day, while stock markets and banks may follow different holiday calendars.
What it Measures
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Usual Effect
Reduced liquidity and erratic 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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