Switzerland CHF

Switzerland National Day

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
Switzerland National Day is a national holiday that celebrates the founding of the Swiss Confederation in 1291, marking the country's commitment to independence, democracy, and unity. While it does not directly measure economic factors, it serves as a cultural and social anchor, reflecting Switzerland's political stability, which is important for assessing overall economic health.
Frequency
National Day is celebrated annually on August 1st, and there are no associated preliminary or final reports, as it is a fixed date in the calendar.
Why Do Traders Care?
Although Switzerland National Day is more of a cultural event than an economic indicator, it can influence short-term market sentiment due to reduced trading volumes and activity on this public holiday. Traders may observe how the holiday affects Swiss economic output, local business sentiment, and upcoming economic data releases.
What Is It Derived From?
The observance of National Day is rooted in historical events and cultural practices that are formally recognized by the Swiss government. It does not derive from quantitative data but signifies unity and celebration rather than measurable economic performance metrics.
Description
National Day commemorates the oath of allegiance taken by the founding cantons of Switzerland, representing an important aspect of Swiss identity. This observance underscores values such as democracy and collective decision-making, which contribute to Switzerland's overall economic environment by promoting stability and cohesion among its population.
Additional Notes
National Day serves as a reminder of the historical foundations of Switzerland's economic and political stability, which are crucial for financial markets. The holiday may have indirect influences on economic indicators such as tourism and retail spending during the festive season.
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