Monitor market shifts as US banks close for Christmas, impacting Forex liquidity and volatility.
US banks will be closed to observe Christmas Day. Banks are responsible for the majority of forex trading volume. When they shut down, market liquidity decreases, and speculators tend to have a larger impact on pricing, which can result in unusually low or high volatility. Most Forex brokers choose to remain operational during holidays, with the exception of Christmas and New Year's Day, as their holiday schedules can differ slightly from stock markets and banks.
What it Measures
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Usual Effect
Decreased liquidity and unpredictable 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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