Switzerland CHF

Switzerland Swiss National Day

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
Swiss National Day does not measure an economic indicator in the conventional sense but marks the annual celebration of the founding of the Swiss Confederation, reflecting national pride and cultural identity. While primarily a historical and cultural event, its broader implications can be seen in terms of consumer spending and tourism, as it is celebrated with various festivities across the nation, potentially impacting local economies.
Frequency
Swiss National Day is celebrated annually on August 1st, with festivities and associated economic activities occurring on this specific date.
Why Do Traders Care?
Traders might pay attention to Swiss National Day as it can influence short-term economic performance due to increased consumer spending on celebrations and tourism activities. Such fluctuations may affect the Swiss Franc (CHF) and local stock market performance, especially in sectors related to retail and hospitality.
What Is It Derived From?
Swiss National Day's significance is derived from historical events surrounding the formation of the Swiss Confederation in 1291, which unites the diverse linguistic and cultural regions of the country. The impact on the economy is observed through patterns of spending and public engagement rather than calculated statistical measures.
Description
Celebrated on August 1st, Swiss National Day features fireworks, parades, and communal festivities, fostering a sense of community and encouraging consumer behavior around this time. While not a traditional economic indicator, the day can still influence local economic activity, particularly in retail, food and beverage, and tourism sectors, as people participate in celebrations and gatherings.
Additional Notes
While Swiss National Day itself is not a formal economic indicator, it could serve as a coincident measure reflecting consumer behavior and sentiment at a specific time of year. Observing spending patterns during this holiday can provide insights into broader economic trends, particularly in relation to regional and seasonal variations in economic activity within Switzerland.
Bullish or Bearish for Currency and Stocks
Not applicable, as Swiss National Day does not provide quantifiable values for comparison against forecasts or outcomes that would affect currency and stocks directly.

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