Trading During the July 4, 2014 Holiday



Friday, July 4, 2014 is a major public holiday in the U.S.A. Note however that it is not a public holiday anywhere else in the world, so the global Forex market should be relatively unaffected. As the U.S.A. is one of the major financial centers driving volume in the Forex market, we can expect this day to have levels of volatility and price movement somewhat lower than would be usual. Additionally, this holiday falls on a Friday, so it is likely to form part of a “long weekend” and cause the markets to get things wrapped up as much as possible before the day, particularly as the key non-farm payrolls data release in the U.S.A. will be held one day earlier than usual, on the day before the holiday.

For these reasons, we do not recommend opening any new trades in USD pairs whatsoever after 1pm Friday London time, until 8am Tokyo time the following Monday, 7th July. It is of course acceptable to close trades during this period, as if a stop loss is exceeded during such a relatively slow period, it would be very likely to also be exceeded during an active market. Trades in non-USD pairs can be taken as normal.

Please be aware that most retail Forex brokers will allow trading during normal market hours next Friday, 7th July. Those based in the U.S.A. may only offer somewhat curtailed customer support. If your broker is located in the U.S.A. and you can possibly wait or avoid requiring active support from your broker over this period, you should eventually receive a more prompt and convenient service on the following day.

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.
Learn more from Adam in his free lessons at FX Academy