Why the markets are closed?? | Forex Factory

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Why the markets are closed??

  • #1
  • First Post: Dec 26, 2005 5:35am Dec 26, 2005 5:35am
I can't understand why the markets are closed (all of them), it's probably a global holiday, although the Christmas is on 31/12 or 7/1 ???


Anybody has an answer???
  • #2
  • Dec 26, 2005 6:36am Dec 26, 2005 6:36am
I think the market didn't close since I still see Reuters ticking and Alpari MT4 still running. It just some broker close their operation for Christmas holiday, especially US broker. Maybe other have better answer. Hope this help
  • #3
  • Dec 26, 2005 7:27am Dec 26, 2005 7:27am
Quoting meedo29
I can't understand why the markets are closed (all of them), it's probably a global holiday, although the Christmas is on 31/12 or 7/1 ???


Anybody has an answer???
Meedo, the Christmas is the 7th of January for the Egyptian Christians along with some other Christians in other countries...

USA and Europe celebrate the Christmas on the 26th of December as far as I know....The 31st of Dec is just the new year holiday...

And yes, it's a global holiday, and I don't recommend trading at that time at all , the volume will be drastically low...


Thanks,

Nader
  • #4
  • Dec 26, 2005 7:52am Dec 26, 2005 7:52am
Hi Nader, on international calender, I think Christmas day is celebrate on December 25. Hope this help
  • #5
  • Dec 26, 2005 7:54am Dec 26, 2005 7:54am
Quoting firedave
Hi Nader, on international calender, I think Christmas day is celebrate on December 25. Hope this help
Ya sure it helps, I wasn't sure anyway, but I knew it's around that date

Thanks my friend...


Thanks,

Nader
  • #6
  • Dec 26, 2005 8:25am Dec 26, 2005 8:25am
My MT4 platform is down. Is it just me or what?
  • #7
  • Dec 26, 2005 8:30am Dec 26, 2005 8:30am
Quoting meedo29
I can't understand why the markets are closed
Today (26 December) is St. Stephen's Day

St. Stephen's Day honors the first Christian martyr, stoned to death shortly after the Crucifixion.

  • #8
  • Dec 26, 2005 8:36am Dec 26, 2005 8:36am
Quoting Croesus
Today (26 December) is St. Stephen's Day

St. Stephen's Day honors the first Christian martyr, stoned to death shortly after the Crucifixion.

At last I got the answer for my question Thank you
  • #9
  • Dec 26, 2005 8:52am Dec 26, 2005 8:52am
Quoting ktrade
My MT4 platform is down. Is it just me or what?
Yes, MT4 will be down.


Holiday Hours

Christmas: Trading will close Friday December 23rd at 4pm EST and will not start again until Monday Dec 26th at 6pm EST.

New Years Day: Trading will close Friday December 30th at 4pm EST and will not start again until Monday Jan 2nd at 6pm EST.
  • #10
  • Dec 26, 2005 12:38pm Dec 26, 2005 12:38pm
Here is the way holidays work here in the US. Most major holidays are celebrated on Monday's ) except for Thanksgiving which is celebrated on the last Thursday of Nov.). With Christmas(Dec. 25th) falling on a Sunday and New Years day (Jan. 1) also on Sunday our Federal Government makes the following Monday a holiday... mostly so workers have a day off since most don't work on Sundays. And since Christmas and New Years are also celebrated in most other parts of the world, it appears that just about all banks, brokers etc, are following the US with regards to financial markets being closed.

Hope that clears the confusion.

JohnFX
  • #11
  • Dec 26, 2005 12:40pm Dec 26, 2005 12:40pm
Quoting JohnFX
Here is the way holidays work here in the US. Most major holidays are celebrated on Monday's ) except for Thanksgiving which is celebrated on the last Thursday of Nov.). With Christmas(Dec. 25th) falling on a Sunday and New Years day (Jan. 1) also on Sunday our Federal Government makes the following Monday a holiday... mostly so workers have a day off since most don't work on Sundays. And since Christmas and New Years are also celebrated in most other parts of the world, it appears that just about all banks, brokers etc, are following the US with regards to financial markets being closed.

Hope that clears the confusion.

JohnFX
I made a bit of an error. If Christmas and New Years day did fall during the week then it would only be celebrated on that weekday not a Monday.

JohnFX
  • #12
  • Last Post: Dec 26, 2005 1:34pm Dec 26, 2005 1:34pm
But whu' abou' bloomin boxin' day
Nolite dormiens pungere ursum. -- Latan Proverb.
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