France EUR

France All Saints Day

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
All Saints Day in France measures the observance of a public holiday dedicated to honoring all saints, and it signifies cultural and social dimensions rather than direct economic activity. The primary focus is on the impact this holiday has on consumption patterns, employment, and overall economic activity, particularly in sectors like retail and hospitality.
Frequency
This event is observed annually on November 1st.
Why Do Traders Care?
Traders may care about All Saints Day since it can influence consumer spending and the performance of businesses, particularly in the retail and service sectors, thereby impacting economic forecasts. An increase in consumer activity during this holiday can have positive effects on stocks of retail companies and overall market sentiment.
What Is It Derived From?
The observance of All Saints Day is derived from historical and cultural traditions within France, where the day serves as a national holiday. The potential economic indicators related to this day can be inferred from observations of prior spending patterns and shifts in consumer behavior surrounding this holiday.
Description
In terms of economic activity, All Saints Day can impact sales figures and tourism revenues, serving as a barometer for consumer sentiment in France. It does not have quantitative economic data released in the same way as traditional economic indicators, making its analysis based on qualitative assessments and past patterns instead.
Additional Notes
All Saints Day is often considered a coincident economic measure, reflecting existing trends in consumer activity rather than predicting future conditions. The holiday also relates to broader economic patterns in France, including the influence of cultural observances on spending habits during the fall season.
Bullish or Bearish for Currency and Stocks
There are no specific numerical expectations tied to All Saints Day as it functions more as a cultural observance than an economic report. Therefore, this section is not applicable.

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