France Bastille Day

Info

History

Chart

Impact:

Low

Next Release:

Date:

Period:

What Does It Measure?

Bastille Day, celebrated on July 14th in France, primarily commemorates the French Revolution and the unity of the French people. While it does not measure a specific economic indicator, it reflects national sentiment and historical context that may influence consumer spending and local economic activities during the festivities.

Frequency

Bastille Day is an annual event, occurring every July 14th, and it is celebrated nationwide, thus providing a consistent date each year for cultural and public festivities.

Why Do Traders Care?

Traders and investors may consider Bastille Day as a signal of consumer sentiment and social stability in France, potentially influencing market dynamics. Increased public spending and tourism during the celebrations can have positive effects on economic growth indicators, impacting the EUR and French equities positively.

What Is It Derived From?

The significance of Bastille Day is derived from its historical context relating to the French Revolution, symbolizing the fight for freedom and democracy. Though not derived from a quantitative survey or specific data collection process, analysts may consider attendance, spending statistics, and consumer behavior during the celebrations to gauge economic sentiments.

Description

Bastille Day's celebrations typically include public events like fireworks, parades, and communal gatherings, which can stimulate short-term economic activities such as dining, retail sales, and tourism. Although it is not a traditional economic report, it serves as a reflection of national morale, which can indirectly affect economic performance and investor sentiment.

Additional Notes

Bastille Day is not a standard economic indicator and does not have leading, coincident, or lagging classifications; however, it can correlate with tourism trends and consumer spending in France. While its impact on the broader economy may not be quantifiable, it serves as a cultural touchstone that shapes public outlook and sentiment during the summer months.

Bullish or Bearish for Currency and Stocks

Since Bastille Day does not provide forecasted vs. actual numerical values or directly influence monetary policy, 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