Hi traders! In the U.S., we will be celebrating the July 4 federal holiday (Independence Day) next week. As a little history lesson, Independence Day recognizes the anniversary of the U.S.’s independence (from Great Britian), as per the Declaration of Independence from way back on July 4, 1776. Because it’s a fairly major holiday, the markets will observe different open hours. All futures traders should make a mental note. Sometimes, markets can be a little slow around a holiday, or even the same day up until the early close. Be prepared for some wonky activity. Also, it’s not a good idea to place a trade and then have the market close. If that happens, you should probably call your broker right away.
In any case, here are the details. Remember, these are market hours according to the CME. Click here to view the official CME information. The Excel spreadsheets can be a bit confusing, so we summarized the most important information for most traders below. Commodity markets (wheat, dairy, etc.) are not noted below, so if you trade those, check out the CME information.
• Tuesday, July 3, 2018: Equity and Bitcoin markets close early at 1:15 p.m. EDT (UTC-4). Note that forex, interest rate, energy, metal, and DME markets will be open normal hours.
• Wednesday, July 4, 2018: Equity, forex, bitcoin, interest rate, energy, metals, and DME markets halt at 1:00 p.m. EDT (UTC-4) and reopen at 6:00 p.m. EDT (UTC-4).
Expect normal market hours the rest of the week.
The next holiday to watch for is Labor Day in early September.
As a reminder, July 2 is the start of our Group Mentorship. If you want to gain your independence from less than stellar trading techniques and learn something new, consider enrolling!