The forex market officially closes on the 25th of December, in observance of Christmas Day. This closure continues through the 26th of December, recognised as a federal holiday for Boxing Day. Trading resumes on the 27th of December, but the market closes again on the 1st of January for the New Year celebration. Despite these closures, the holiday season, in general, isn't the most opportune time for forex trading. With many traders and financial institutions taking breaks, there's a notable