CNY Bank Holiday
Chinese banks will be closed in observance of the Mid-Autumn Festival;
Banks facilitate the majority of foreign exchange volume. When they are closed the market is less liquid and speculators become a more dominant market influence. This can lead to both abnormally low and abnormally high volatility;
Most Forex brokers remain open for every holiday except Christmas and New Year's Day. Stock markets and banks have slightly different holiday schedules;
- History
Expected Impact / Date | Description |
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Jun 9, 2024 | Chinese banks will be closed in observance of the Dragon Boat Festival; |
May 2, 2024 | Chinese banks will be closed in observance of Labor Day; |
May 1, 2024 | Chinese banks will be closed in observance of Labor Day; |
Apr 30, 2024 | Chinese banks will be closed in observance of Labor Day; |
Apr 4, 2024 | Chinese banks will be closed in observance of Tomb Sweeping Day; |
Apr 3, 2024 | Chinese banks will be closed in observance of Tomb Sweeping Day; |
Feb 15, 2024 | Chinese banks will be closed in observance of the Spring Festival; |
Feb 14, 2024 | Chinese banks will be closed in observance of the Spring Festival; |
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- CNY Bank Holiday News
Dear Trader, Please find our updated trading schedule for the Christmas, Boxing Day and New Year’s Day holidays below. All times mentioned below are Platform time( GMT +2) Liquidity over the holidays is expected to be particularly thin so please take the necessary precautions to ensure you are not affected by increased volatility, spreads and intermittent pricing. We will have staff to assist you throughout the holiday period whenever the market is open. Please be aware that deposits and withdrawals will be delayed when there is a ...
U.S. stock indexes edged lower after fresh economic data suggested the labor market is slowing. The S&P 500 ended down 0.6%, while the Dow Jones Industrial Average dropped 0.6% and the Nasdaq Composite Index shed 0.5%. The health of the economy, and the resulting future path of interest rates, remains a key focus for investors. Job openings fell to 9.9 million in February, the lowest since 2021, down sharply from January's downwardly revised 10.6 million, Labor Department data showed. "That drop in job openings is suggesting a ...
China’s manufacturing and services expanded for the first time in four months in January as the reopening from Covid Zero continued and the Lunar New Year holiday spurred travel and spending. Eric Zhu discusses the data.
On the back of the weakness in the outlook, especially a 7%-8% sequential decline in its Azure cloud computing in the current quarter, from Microsoft, at one point in the New York morning Nasdaq 100 fell as much as 2.5% and S&P 500 slide nearly 1.7%. Stocks then spent the rest of the day climbing to recover from the morning losses. Nasdaq 100 finished the Wednesday session down only 0.3% and S&P 500 nearly unchanged. Microsoft pared early loss to close 0.6% lower. AT&T (T:xnys) jumped 6.6% on solid wireless subscription growth. ...
Financial markets in China will be shut all week for the Lunar New Year holiday that ushers in the Year of the Rabbit. Hong Kong, Taiwan, Indonesia, Malaysia, Singapore, South Korea, and Vietnam are also closed today. The euro touched a nine-month high overnight of $1.0923 but subsequently settled back under $1.09 to a net gain of just 0.2% compared to Friday’s close. The dollar has also eased 0.2% and 0.4% versus the Canadian and Australian dollars but is up 0.6% relative to the yen and 0.3% against sterling. Ten-year U.S. Treasury ...
People across China rang in the Lunar New Year on Sunday with large family gatherings and crowds visiting temples after the government lifted its strict "zero-COVID" policy, marking the biggest festive celebration since the pandemic began three years ago. The Lunar New Year is the most important annual holiday in China. Each year is named after one of the 12 signs of the Chinese zodiac in a repeating cycle, with this year being the Year of the Rabbit. For the past three years, celebrations were muted in the shadow of the pandemic. ...
In front of the Lunar New Year ‘Communications Services’, the equity subsector which includes Netflix, lead a 1.9% gain for the S&P500 on Friday and 2.7% rise for the NASDAQ, thanks in large part to an 8.5% gain for the global entertainment provider’s significantly stronger than expected quarterly net new subscriber numbers (7.66mn against the 4.5mn street consensus). This was the S&P500’s best day in two weeks but not enough to prevent it being a down-week overall (-0.7%) though the Nasdaq managed a 0.6% weekly gain. In front of the ...
Chinese stocks fell on their return from the Golden Week holiday, hurt by a global equities selloff and bleak holiday-spending data that deepened concerns about an economic recovery. The benchmark CSI 300 Index fell as much as 0.8% to head for its lowest close since April 2020, before paring some of the losses. Tech and consumer discretionary sectors drove the decline. The Hang Seng China Enterprises Index of Chinese stocks in Hong Kong slid more than 2%. Grim reality faced mainland traders on Monday, with trends last week showing a ...
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