Switzerland CHF

Switzerland St. Berchtold

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
St. Berchtold's Day in Switzerland evaluates the public sentiment and cultural significance of national identity and local traditions. It is rooted in historical context, focusing on the observance of Swiss heritage and communal values rather than being a strict economic indicator, but it reflects tendencies in consumer spending and regional economic engagement.
Frequency
St. Berchtold's Day occurs annually on January 2nd and is part of traditional Swiss festivities, with celebrations typically taking place during this specific day of the month.
Why Do Traders Care?
Traders may pay attention to St. Berchtold's Day as it can influence consumer behavior and local spending patterns, which in turn could reflect shifts in economic sentiment. This event can indicate trends in domestic tourism and retail sales, particularly in regions with festive cultural activities.
What Is It Derived From?
The event's relevance is derived from historical customs and local traditions that promote Swiss nationalism and community involvement. Celebrations often include gatherings, parades, and communal meals, creating a framework for understanding community engagement and potential economic activity during the period.
Description
The significance of St. Berchtold's Day lies in its cultural value rather than strict economic metrics. It serves as a reminder of Switzerland's traditions and encourages community participation, which can spur localized economic activity, though it does not produce quantitative economic data that directly informs financial markets.
Additional Notes
St. Berchtold's Day serves as a coincident indicator for assessing the cultural and social well-being of Swiss communities. It can also be compared with other regional celebrations to gauge the overall vibrancy of consumer engagement during the holiday season and reflects broader economic trends by highlighting elements of national pride.
Bullish or Bearish for Currency and Stocks
This event does not directly influence financial markets with typical numerical expectations, therefore this section is not applicable.

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