New Zealand NZD

New Zealand ANZAC Day

Impact:
Low

Latest Release:

Date:
Actual:
 
Forecast:
Previous/Revision:  
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What Does It Measure?
The ANZAC Day in New Zealand measures national remembrance and recognition of the sacrifices made by members of the Australian and New Zealand Army Corps during World War I and subsequent conflicts. It primarily assesses societal sentiment regarding national identity, historical consciousness, and social cohesion, without directly tying to economic indicators.
Frequency
ANZAC Day is observed annually on April 25th, with commemorative events, ceremonies, and public gatherings taking place.
Why Do Traders Care?
While ANZAC Day itself is not a direct economic indicator, the day affects markets by influencing consumer behavior, public sentiment, and national morale, which can indirectly impact economic activity. Financial markets may reflect changes in consumer spending or tourism associated with the holiday, albeit in a limited manner.
What Is It Derived From?
ANZAC Day is derived from historical events dated back to the Gallipoli Campaign in World War I and is commemorated through various public ceremonies and private reflections. The observance involves a multitude of activities, including dawn services and parades, drawing attendance from across society, traditionally emphasizing veteran recognition and national pride.
Description
ANZAC Day is an annual public holiday in New Zealand, serving both as a day of reflection on the sacrifices of military personnel and as a significant cultural event promoting national pride. Although it does not produce quantifiable economic data directly, its observance can affect related sectors like tourism and retail, especially considering its proximity to other public holidays.
Additional Notes
ANZAC Day serves as a lagging economic measure; while it does not forecast economic performance, it reflects the nation's prioritization of historical remembrance. It connects with broader social trends, influencing public expenditures related to the holiday and impacting the retail and travel sectors in the subsequent period.
Bullish or Bearish for Currency and Stocks
This observance does not have quantifiable forecasts or numerical indicators associated with it, and consequently, there are no bullish or bearish implications for currency or stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise