Australia AUD

Australia Queen's Birthday

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
Australia's Queen's Birthday is not a traditional economic event or indicator in the context of economic data measurement. Rather, it serves as a public holiday that may impact economic activity indirectly, influencing factors such as labor availability, retail sales, and leisure activities during this time.
Frequency
This public holiday is celebrated annually on the second Monday in June in most Australian states and territories, which affects the timing of various economic reports and activity during that month.
Why Do Traders Care?
Traders may care about the Queen's Birthday due to its potential influence on economic indicators such as retail sales and employment figures in the following months. The disruption to normal business operations could lead to temporary fluctuations in economic activity, which may affect market sentiment and forecasts.
What Is It Derived From?
The Queen's Birthday holiday is derived from the traditional observance of the monarch's birthday, which is a federal public holiday, determined by the Australian government. Its observance can influence consumer behavior and economic data but is not quantitatively entered into economic reports.
Description
While the Queen's Birthday does not produce specific economic data, it is notable because it can influence economic activities such as retail sales, tourism, and workplace productivity. The holiday creates an opportunity for consumers to engage in spending, which may enhance economic performance indicators in subsequent reports that capture the effect of increased leisure activity.
Additional Notes
This holiday serves as a coincident economic measure, as it directly corresponds with increased consumer spending and reduced workforce availability. Comparatively, it can be linked with other public holidays that similarly influence economic activity, such as Labour Day or Christmas, revealing seasonal trends in retail and leisure spending.
Bullish or Bearish for Currency and Stocks
This holiday itself does not produce quantifiable data against expectations and thus does not have an immediate bullish or bearish impact on currency or stocks. However, economic interpretations can be made based on shifts in consumer behavior following the holiday, which may indirectly influence market attitudes.

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