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SEPTEMBER 6 - LABOR DAY IN THE US AND CANADA
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IFX Gertrude
post Aug 30, 2022, 04:28 AM
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post Aug 30, 2022, 04:28 AM
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SEPTEMBER 6 - LABOR DAY IN THE US AND CANADA

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The month of September has very few holidays interrupting trading, similar to August. The only significant market holiday affecting the schedule is September 6, Labor Day in the US and Canada. On this day, trading US-listed securities will be unavailable. Trading currency pairs involving the US dollar, such as EUR/USD, USD/CNY, and USD/RUB will be halted for the day in many FX markets around the world, like the Moscow Exchange.

With all trading involving US assets being halted on September 6, traders will likely switch to other financial instruments, boosting demand for European securities and less popular currencies. It is possible to make a profit from trading a wide range of assets that will replace US assets on September 6. To do so, a trader should buy a diversified selection of CFDs that do not include the US dollar, as well as CFD on shares of non-US companies. The base currency could range from traditional safe-haven currencies like the Swiss franc and the Japanese yen to second-tier currencies like the Indonesian rupee, the Brazilian real, and even the Polish zloty.

On September 6, only markets in the US will be closed, which will greatly boost demand for unconventional and non-convertible assets. Traders could take advantage of the situation by buying these assets in advance and selling them on this day. It is unlikely to bring significant profit, but the earned gains and experience will still make it worthwhile.

The Tokyo Stock Exchange will be closed on September 19, Japan’s Old Age Day, as well as on September 23, the autumn equinox, which is a traditional holiday for the exchange in Tokyo. On these days, Japanese securities will be traded via the CFD market.

Throughout the rest of the month, global financial markets will follow their regular schedule.

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