Switzerland CHF

Switzerland New Year’s Day

Info

History

Chart

Impact:

Low

Latest Release:

Date:

Actual:

Forecast:

Previous/Revision:

Period:

What Does It Measure?

Switzerland New Year’s Day signifies the transition to a new calendar year and is recognized as a public holiday in the country. It marks a pause in economic activity, allowing for assessments of annual business performance, consumer behavior, and economic trends, though it does not directly measure a specific economic indicator.

Frequency

New Year’s Day is observed once a year, occurring on January 1, and is uniformly recognized as a public holiday in Switzerland without any preliminary or final reports.

Why Do Traders Care?

Traders may take interest in New Year’s Day as it reflects consumer sentiment and spending patterns during the holiday season, which can foreshadow economic trends for the year ahead. While the day itself does not yield actionable economic data, it sets the stage for upcoming reports that can impact financial markets.

What Is It Derived From?

New Year’s Day is derived primarily from cultural and historical practices, marking the beginning of the Gregorian calendar year. Its relevance in economic discussions is largely driven by the broader context of holiday spending, public sentiment, and annual economic cycles.

Description

Although New Year’s Day does not produce quantifiable metrics itself, it serves as a symbolic marker for businesses and consumers, influencing financial forecasts, consumption patterns, and market sentiment in the early part of the year. This holiday emphasizes the importance of seasonal trends and consumer readiness to spend, impacting economic narratives and subsequent data releases.

Additional Notes

Given its nature, New Year’s Day functions largely as a coincident indicator, suggesting its relationship to other economic measures like retail sales and employment reports that emerge shortly afterward. It encapsulates the transition into a new cycle of economic assessment, encouraging comparisons with previous years' performance.

Bullish or Bearish for Currency and Stocks

N/A

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
Jan 01, 2025
Jan 01, 2024
Jan 01, 2023
Jan 01, 2022
Jan 01, 2020