I hope you all are enjoying the rest from the Forex trading today and didn’t lose much on the widened brokers‘ spreads yesterday.
I decided to post some interesting note about Christmas Eve Forex trading today and have done a small research of some popular currency pairs. I’ve looked at the daily ranges (
So, the results of the research are:
As you can see, the overall bias is bullish. Of course, 7 trading sessions is too low to be confident in any dependence, but the aim of this research isn’t a development of a trading strategy, but rather to show some interesting info about the Christmas Eve trading. GBP/JPY boasts the biggest total (and average) gain with 3 negative years (2002, 2008, 2009 but the losses were very small). GBP/USD has the lowest gain with 3 last years (2007–2009) posting rather significant drops before Christmas. EUR/JPY was the most stable on December 24 trading and had only one negative year for that day — 2001, losing 92 pips.
The average volatility is also the highest for GBP/JPY, but for all researched currency pairs it’s noticeably lower than the average volatility on normal days. And that’s logical, since December 24 has only 18 hours out of usual 24 for trading.
If you have any questions or comments regarding the Forex trading on Christmas Eve, please, feel free to reply below.