United States USD

United States Good Friday

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
Good Friday is a public holiday observed in the United States, particularly affecting financial markets and economic activities; however, it does not measure any specific economic activity or indicator itself. The day primarily focuses on the observance of the crucifixion of Jesus Christ, which leads to reduced trading volumes and shifts in market liquidity rather than specific economic performance metrics.
Frequency
Good Friday occurs annually, with its date varying each year based on the lunar calendar, typically falling between March 20 and April 23.
Why Do Traders Care?
Traders pay attention to Good Friday as it results in the closure of U.S. financial markets, which can impact trading strategies and liquidity in global markets. The timing of this holiday can affect financial transactions and lead to shifts in market sentiment as traders adjust their positions ahead of the holiday.
What Is It Derived From?
Good Friday does not derive from a calculable economic indicator or survey; instead, it is rooted in Christian traditions and calendar systems. The observance is established and recognized based on religious practices and historical events, not on surveys or statistical data.
Description
As a public holiday, Good Friday significantly reduces operational activities, especially in financial services, leading to a quieter market environment with lower trading volumes. The holiday is observed by various financial institutions, resulting in altered trading schedules and a potential buildup of activity before and after the holiday.
Additional Notes
Good Friday is part of the broader Easter observance and shares notable characteristics as a holiday that can impact economic activity through reduced market participation. It serves as a coincident measure, reflecting the seasonal patterns of business and consumer behaviors associated with religious observances in the U.S.
Bullish or Bearish for Currency and Stocks
Not applicable for this event, as it does not influence monetary policy or provide quantifiable forecasts associated with currency or stock performance.

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