U.S. money markets are closed Monday, Feb. 19, in observance of Presidents Day, maybe giving traders your time to mirror on the most recent market turbulence that gave US the primary correction in regarding 2 years.
The big apple exchange and NASDAQ are closed on Monday. Meanwhile, the market and money Markets Association (SIFMA) recommends no commerce in dollar-denominated securities, as well as bonds, cash markets and certificates of deposit.
Trading in futures and choices on CME cluster exchanges are halted on Monday.
There will be no economic releases on Monday, as all federal and state agencies and offices are closed. Industrial banks also will be closed.
Crypto currency exchanges, that commonly operate 24/7, square measure expected to be open.
The recent spike in volatility seemed to rattle the president; UN agency had antecedently taken credit for large gains within the securities market since his election to the workplace.
The sale in late January and early Feb was triggered by fears over fast inflation and better interest rates, that area unit mostly viewed as precursors to even tighter financial policy.
International additionally as foreign-exchange markets are going to be open. However, volumes may well be diluents than usual.
Presidents Day was initial established in 1885 on George Washington’s birthday to commemorate and honor the country’s initial president. The federal vacation was later stirred to the third Monday of Feb.