New Zealand NZD

New Zealand Queen's Birthday

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
The New Zealand Queen's Birthday is a national public holiday that does not directly measure any economic indicators, but its occurrence can influence various economic activities. It primarily impacts employment, retail sales, and consumer behavior as businesses close for the holiday, affecting production and service sectors.
Frequency
The Queen's Birthday is observed annually, specifically on the first Monday of June, and does not have preliminary or final reports associated with it as it is a fixed observance.
Why Do Traders Care?
Traders may be concerned with the Queen's Birthday due to its impact on economic activity during the holiday period, which can temporarily alter consumer spending and service outputs. While it does not provide direct economic data, understanding the effects of such holidays can inform trading strategies related to the New Zealand dollar and stocks.
What Is It Derived From?
The observance of the Queen's Birthday is derived from historical recognition of the monarch's birthday, and its establishment as a public holiday reflects cultural significance rather than economic calculations. It does not involve surveys or data methodologies typically seen in economic reports.
Description
As a public holiday, the Queen's Birthday signifies a break in regular economic activities, with many businesses, government offices, and schools closed for the day, leading to short-term variations in economic performance. Its impact is often observed in retail and hospitality sectors, which might see increased consumer activity prior to the holiday as people prepare for celebratory events.
Additional Notes
The Queen's Birthday serves as a coincident economic measure, providing insights into broader consumer behavior during holidays. It can be compared to other public holidays in New Zealand, such as Waitangi Day or Labour Day, which may similarly influence economic trends and specific sectors.

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