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27.12.2022 01:33 PM

The month of December is an extremely remarkable and, of course, interesting time in financial markets. First, the second half of December includes Christmas and New Year, the main holidays of the year. Second, many retail traders lock in profits and close positions during this period, which in turn makes adjustments in prices. Corporations and hedge funds also close large positions on Forex to pay dividends and evaluate their yearly financial results.

However, we are more interested in events that happen regardless of how market participants behave, and that is holidays.

Of course, holidays begin with Christmas. This year, traders are lucky as both December 24 (Christmas Eve) and December 25 (Christmas) are on the weekend anyway. However, a break from trading in the forex and stock markets will still last longer than usual, namely three days. On Monday, December 26, financial markets will be closed. Meanwhile, positions opened on Friday, December 23, will be transferred to December 26.

If you are interested in the spot trading of local securities and instruments, you should remember that:

December 23, 2022

Australian Stock Exchange – closing time: 14:30 – Christmas Holiday half day

London Stock Exchange – closing time: 12:30 – Christmas Holiday half day

New Zealand Stock Exchange – closing time: 12:45 – Christmas Holiday half day

December 27, 2022

Australian Stock Exchange – closed – Christmas Day (substitute day)

London Stock Exchange – closed – Christmas Day (substitute day)

Toronto Stock Exchange – closed – Christmas Day (substitute day)

New Zealand Stock Exchange – closed – Christmas Day (substitute day)

December 30, 2022

Australian Stock Exchange – closing time: 14:30 – New Year Holiday half day

London Stock Exchange – closing time: 14:30 – New Year Holiday half day

New Zealand Stock Exchange – closing time: 14:45 – New Year Holiday half day

December 31, 2022

Tokyo Stock Exchange – closed – New Year

January is traditionally the month of a lull in financial markets, and holidays are not entirely the reason for that. The thing is that private and institutional investors both lock in profits at the end of the year. January is essentially a month that marks the beginning of a new trading cycle. So, trading in markets only starts gaining momentum. This is when it is easier to stand out with uncommon trades and unusual trading decisions. January is also a month when traders start using new instruments and following fresh strategies.

When it comes to holidays in the forex market, there will be little time to rest in January 2023. Indeed, January 1 is Sunday. Meanwhile, on January 2, all global stock and currency exchanges will be closed. However, on January 3, they will already work according to their regular schedule.

January 1, 2023

All exchanges – closed – New Year

January 2, 2023

All exchanges – closed – New Year

January 16 - Martin Luther King Jr. Day

USDX – trading closes at 18:00 GMT

XAUUSD, XAGUSD - trading closes at 18:00 GMT

CFDs on US stocks – trading is closed all day

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