Is the Stock Market Open on Martin Luther King’s Birthday? Martin Luther King Jr. Day is a federal holiday in the United States that honors the civil rights leader. The holiday is observed on the third Monday in January each year. Many traders and investors often wonder whether the stock market remains open on this important day. The question is pertinent as it influences their trading strategies and decisions, particularly those concerned with short-term shifts in market activity. Is the Stock Market Open on MLK Day? The straightforward answer is no, the stock market is not open on Martin Luther King Jr. Day. Both the New York Stock Exchange (NYSE) and the Nasdaq are closed in observance of the holiday. Additionally, the bond market also observes the holiday, meaning that most trading activities in the United States come to a...
When Does Trading in the Forex Market Commence on Sundays? Trading in the foreign exchange (forex) market commences on Sundays at 5:00 PM EST with the opening of the Sydney market. This is when traders can begin placing orders for currencies, commodities, and other financial instruments. The forex market is open 24 hours a day, five days a week, making it one of the most accessible markets for investors and traders alike. The forex market is open 24 hours a day from Sunday 5:00 PM EST to Friday 4:00 PM EST. During this time, trading takes place in all major financial centers around the world including London, New York, Tokyo, Zurich, Frankfurt, Hong Kong and Singapore. This allows traders to take advantage of opportunities that may arise during different trading sessions throughout the day and night. It’s important to note...
How are forex markets open 24 hours a day, 7 days a week? Forex markets are open 24 hours a day, 7 days a week. This is because forex trading takes place in multiple time zones around the world. The foreign exchange market (forex) is the largest and most liquid financial market in the world, with an average daily turnover of more than $5 trillion. The forex market operates 24 hours a day, five days a week across major financial centers around the world. This means that traders can trade currencies at any time of day or night, depending on their individual preferences and trading strategies. The forex market is open 24 hours a day due to the fact that currency trading does not take place on one centralised exchange but instead takes place over several exchanges across different countries and time zones....