I decided to gauge volatility by comparing the average pip movement (high minus low) of the week before Christmas to to the pip movement during Christmas Week. I calculated the average of these values from to , excluding , since there was some crazy volatility in December of that year In the forex market, most major pairs have shown a considerable dip in Christmas week volatility compared to the previous trading week, but it’s worth noting that most pairs have still yielded more than pips in price action for those days. Apart from that, USD/CHF appeared undeterred by the slowdown in trading activity then Only this Christmas, like the entire so far, is different than usual. The virus continues to pose new challenges to the Northern hemisphere. While Australia, New Zealand, and other countries in the South benefit from the warm weather, the rest of the world has a tough time fighting the spread of the virus
December Christmas Holiday Season Trading Schedule
Hoping for some market cheer during the holidays? In the days between, a number of markets are also closed on certain days so liquidity is forex trading during christmas to be thin around that time.
In particular, New Zealand, Australia, Germany, Italy, the United Kingdom, Canada, and the United States have bank holidays on December 26, which is a Monday. Banks in the UK and Canada are still closed for the following day but other markets will reopen then. December 28 to 30 could still offer a few market moves here and there, as most global banks are open during those days. In addition, there are some forex trading during christmas reports lined up so stocks and currencies could chalk up some quick price action that could offer some last-minute profits for short-term traders before the year comes to a close.
So, in terms of economic releases, there is no shortage of events to be traded, particularly for the latter half of the week forex trading during christmas up to In fact, the New Year is set to start with a bang as China will be printing its official manufacturing and non-manufacturing PMI readings for December then.
Since January 1 is a Saturday, though, markets could make huge gaps before trading officially starts the next day. Apart from that, trading algorithms may pick up on any significant moves and enter additional orders that can push price in a particular direction for a short period of time. While most equity markets take a break over the Christmas holidays, it may be worth parking some money in shares that tend to perform well during the yuletide season. These typically include retailers that get a strong boost from holiday sales, shipping and transportation companies that benefit from e-commerce and long vacations around that period, and credit or payment services.
The Christmas break offers most traders a chance to review their performance for the year and identify things that they could still improve on in preparation for the upcoming trading year.
Besides, with the eventful year that was, traders might take a much-needed break when they get the chance, allowing the markets to regroup as well. This should allow you to look ahead to the next few months and identify potential market catalysts that may be beneficial. With that said, I hope you enjoy a meaningful and prosperous Christmas holiday this year, whether it means catching a few extra pips to add to your account for the year or rewarding yourself with a healthy break.
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Comment: 1. Tag: Event RiskMarket Holidays. December US CB consumer confidence index, Richmond manufacturing index, Japanese preliminary industrial production and retail sales December Swiss UBS consumption indicator, German import prices, UK BBA mortgage approvals, and US pending home sales December French and Spanish flash CPI, US initial jobless claims, forex trading during christmas, goods trade balance, and wholesale inventories December Australia private sector credit, Chicago PMI January 1: Chinese official manufacturing and non-manufacturing PMI So, in terms of economic releases, there is no shortage of events to be traded, particularly for the latter half of the week leading up to Be more conservative in your profit targets since stocks or currency pairs might move in tighter ranges and traders could also be quick about raking in their gains then.
Stay on the lookout for profit-taking opportunities and quick reversals around psychological levels and inflection points. Price action is more likely to be subdued anyway, so take some time to kick back and relax. Risk warning: Forward Rate Agreements, Options and CFDs OTC Trading are leveraged products that carry a substantial risk of loss up to your invested capital and may forex trading during christmas be suitable for everyone.
Please ensure that you understand fully the risks involved and do not invest money you cannot afford to lose. Won't your forex trading during christmas friends like this? About the Author With over a decade of trading expertise andfulfilled clients in countries worldwide, easyMarkets will tick all your boxes whether you are a new or experienced trader, affiliate or introducing broker, forex trading during christmas.
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, time: 8:12Trading schedule changes during Christmas holidays
Only this Christmas, like the entire so far, is different than usual. The virus continues to pose new challenges to the Northern hemisphere. While Australia, New Zealand, and other countries in the South benefit from the warm weather, the rest of the world has a tough time fighting the spread of the virus I decided to gauge volatility by comparing the average pip movement (high minus low) of the week before Christmas to to the pip movement during Christmas Week. I calculated the average of these values from to , excluding , since there was some crazy volatility in December of that year Forex Trading during Christmas Holidays is a bad practice. During the session, the market will be volatile and your favorite currency pair may react adversely. There are several things to consider before opening any position during the Christmas Holiday. Forex Trading During Christmas Holidays with Low liquidity. During the Christmas holiday, there will be low market liquidity as the market giants like
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