State holidays and Forex
InstaForex Company offers you to look through the information, regarding the influence of holidays at financial flows on the leading financial markets and particularly at the Forex market. Almost all financial grounds of the world operate within 5-workingdays week. Only Forex can brag about its operations with no breaks. However, on Saturday and Sunday the trades on Forex are only with major currency pairs and the cover is less global than during the working days. But, during the holiday calm period on the Forex market the liquidity rate lowers and the intensity of almost all financial flows weakens, which leads to significant reduction of the risks, due to the loss of invested capital to the market.
Such drop in business activity is due to the holidays, which have major participants of the Forex market - commercial and investment banks. Especially banks provide the huge part of Forex financial flows saturation and other markets.
Forex disregard some holidays, however even"currency giant" can be within some of them. There is no doubt that Forex and its participants are such "workaholics". It is clear that this market is international and it accumulates in the Global network and in the accounts of thousands and millions of marketmakers, brokers and traders. It is turn out that as long as computer with internet connection is switched on - Forex works. However return to the State holidays. Not all the state holidays have significance to make usual day holiday, and in most of the countries at that. It can be New Year, Christmas and Labor Day (every country has its own name for this holiday). But world does not stop, and financial flows do not stop as well, informational reasons do not fail too. All of this is very important for trader especially for those who stakes on fundamental analysis. During the holidays period market seem to stop but this is more like calm before the storm. Just remember how often during the holiday one or another micro or macro economical events take place. Politicians announce about the resignation or assignment, heads of companies publish their reports and announce about the merger, another crisis took place in one country of the Middle East, president of transnational company refuses in celebrating holidays´ All of this is very important and any market which is dependent on such news will react to this as soon as it opens. The first reaction will be from the Forex market.
Bank Holidays for the year: 2009 (Dates Based on GMT) |
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Date |
Flag |
Country |
Holiday |
Jan 01
|
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UK |
New Year's
Day |
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US |
New Year's
Day |
|
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Japan |
New Year's
Day |
|
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France |
New Year's
Day |
|
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Germany |
New Year's
Day |
|
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Italy |
New Year's
Day |
|
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Switzerland |
New Year's
Day |
|
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Canada |
New Year's
Day |
|
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Australia |
New Year's
Day |
|
Jan 02
|
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Japan |
Bank
Holiday: Day 3 |
Jan 03
|
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Japan |
Bank
Holiday: Day 4 |
Jan 14
|
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Japan |
Coming
of Age Day |
Jan 21
|
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US |
Martin
Luther King Jr.'s Birthday |
Jan 28
|
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Australia |
Australia
Day |
Feb 06
|
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NZ |
Waitangi
Day |
Feb 11
|
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Japan |
National
Foundation Day |
Feb 18
|
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US |
Presidents' Day |
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Canada |
Family
Day (Ontario) |
|
Mar 20
|
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Japan |
Vernal
Equinox Day |
Mar 20
|
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US |
Good
Friday |
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UK |
Good
Friday |
|
Apr 12
|
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UK |
Easter
Monday |
Apr 25
|
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Australia |
ANZAC
Day |
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NZ |
ANZAC
Day |
|
Apr 29
|
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Japan |
Showa
Day |
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Europe |
Labour
Day |
|
May 05
|
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UK |
May Day |
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Japan |
Childrens'
Day |
|
May 06
|
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Japan |
Greenery
Day |
May 11
|
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Switzerland |
Whit
Monday |
May 19
|
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Canada |
Victoria
Day |
May 22
|
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Germany |
Corpus
Christi Day |
May 26
|
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US |
Memorial
Day |
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UK |
Spring
Bank Holiday |
|
June
02 |
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New Zealand |
Queen's
Birthday |
June
09 |
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Australia |
Queen's
Birthday |
July
01 |
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Canada |
Canada
Day |
Juyl
03 |
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US |
Early
Market Close |
July
04 |
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US |
Independence
Day |
July
21 |
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Japan |
Marine
Day (Ocean Day) |
Aug 01
|
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Switzerland |
National
Day (Independence Day) |
Aug 04
|
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Canada |
Civic
Day |
Aug 15
|
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France |
The Assumption
of Mary |
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Germany
(some) |
The Assumption
of Mary |
|
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Italy |
The Assumption
of Mary |
|
Spain |
The Assumption
of Mary |
||
Aug 25
|
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UK |
Summer
Bank Holiday |
Sep 01
|
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US |
Labor Day |
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Canada |
Labour
Day |
|
Sept
15 |
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Japan |
Respect
for the Aged Day |
Sept
23 |
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Japan |
Autumn
Equinox |
Oct 03
|
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Germany |
Unity
Day |
Oct 06
|
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Australia |
Labour
Day |
Oct 13
|
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US |
Columbus
Day |
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Canada |
Thanksgiving
Day |
|
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Japan |
Health
Sports Day |
|
Oct 27
|
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New Zealand |
Labour
Day |
Nov 03
|
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Japan |
Culture
Day |
Nov 11
|
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France |
Armistice
Day |
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US |
Veterans'
Day |
|
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Canada |
Remembrance
Day |
|
Nov 24
|
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Japan |
Labour
Thanksgiving |
Nov 27
|
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US |
Thanksgiving
Day |
Nov 28
|
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US |
Early
Market Close |
Dec 23
|
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Japan |
Emperor's
Birthday |
Dec 24
|
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Germany |
Christmas
Eve |
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Italy |
Christmas
Eve |
|
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US |
Early
Market Close |
|
Dec 25
|
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US |
Christmas
Day |
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Australia |
Christmas
Day |
|
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New Zealand |
Christmas
Day |
|
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Canada |
Christmas
Day |
|
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Switzerland |
Christmas
Day |
|
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France |
Christmas
Day |
|
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Germany |
Christmas
Day |
|
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Italy |
Christmas
Day |
|
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UK |
Christmas
Day |
|
Dec 26
|
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UK |
Boxing Day |
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Australia |
Boxing
Day |
|
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New Zealand |
Boxing
Day |
|
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Germany |
Second
Day of Christmas |
|
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France |
St. Stephen's
Day |
|
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Italy |
St. Stephen's
Day |
|
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Canada |
Boxing
Day |
|
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Switzerland |
St. Stephen's
Day |
|
Dec 31
|
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Japan |
New Year's
Eve |
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