At What Point in Time Is the Forex Market Closed During Holidays?

The Forex market is one of the world’s most liquid and active markets, with an average daily trading volume of over $5 trillion. However, like all markets, it does close for certain holidays.

Knowing when the Forex market is closed can help traders plan their trading activities accordingly and ensure they don’t miss out on any important opportunities. So let’s take a look at when the Forex market closes during holidays.

First off, it’s important to note that different countries have different holiday schedules and that these can affect the timing of when the Forex market closes during those holidays. For example, in some countries such as Japan or China, certain holidays are observed on different days than they are in other countries such as the United States or Europe.

In general though, most major currencies close at 5 pm EST (New York time) on Friday evening and reopen at 5 pm EST (New York time) on Sunday evening. This means that during most major holidays such as Christmas or New Year’s Day, the Forex market will be closed for two days from Friday evening until Sunday evening.

However, there are some exceptions to this rule where certain markets may be open for extended hours due to special events taking place in those countries or regions. For example, if a major central bank announcement is scheduled to take place in Japan then Tokyo markets may remain open until 8 pm EST (New York time). Similarly, if a key economic data release is scheduled to take place in Europe then European markets may remain open until 9 pm EST (New York time).

It’s also worth noting that some brokers offer extended hours trading which allows traders to trade outside of normal market hours. However, this usually involves wider spreads and higher transaction costs so it should only be used by experienced traders who understand how these extra costs can affect their trading results.

To sum up: The Forex market generally closes at 5 pm EST (New York time) on Friday evenings and reopens at 5 pm EST (New York time) on Sunday evenings but there are exceptions where certain markets may remain open longer due to special events taking place in those countries or regions so it pays to keep an eye out for any news announcements which could affect your trading activities.