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Australia AUD

Australia Labour Day

Impact:
Low

Latest Release:

Date:
Actual:
 
Forecast:
Previous/Revision:  
Period:
What Does It Measure?
Australia's Labour Day measures the recognition of the achievements of the labor movement and its contribution to workers' rights, focusing on the improvement of working conditions, fair wages, and social justice. This event serves as an indicator of the country's commitment to labor reforms, reflecting broader socio-economic trends related to employment and workers' welfare.
Frequency
Labour Day is observed annually, typically on the first Monday in October, and the event's significance remains consistent year over year.
Why Do Traders Care?
Traders pay attention to Labour Day as it often acts as a barometer for the labor market's health and social stability in Australia, influencing market sentiment towards Australian equities and the Australian dollar (AUD). A positive perception of labor rights can lead to bullish sentiments in the markets, while any controversies or negative sentiments surrounding labor conditions may have adverse effects.
What Is It Derived From?
Labour Day's significance is derived from historical labor movements and collective bargaining agreements that seek to protect workers' rights. The event is rooted in statistics regarding wages, employment conditions, and sometimes encompasses surveys or reports reflecting the current status of the labor market.
Description
Labour Day commemorates the achievements of the working class in Australia, marking a historical fight for an eight-hour workday and improved labor conditions. The day is often associated with protests, parades, and discussions about labor policies, reflecting the ongoing evolution of workers' rights and economic conditions.
Additional Notes
As a coincident indicator of economic health, Labour Day relates to broader trends in social equity, labor relations, and employment statistics across Australia. Its observance often sparks comparisons to similar labor movements and holidays globally, such as International Workers' Day, highlighting regional differences in labor rights and conditions.
Bullish or Bearish for Currency and Stocks
This event does not include numerical expectations or forecasts, therefore no bullish or bearish analysis is applicable. The observation of Labour Day generally reflects societal sentiment rather than immediate economic metrics.

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
Oct 07, 2019
 
  
Oct 01, 2018
 
  
Oct 02, 2017