United States Early Market Close in Observance of Independence Day

Info

History

Chart

Impact:

Low

Next Release:

Date:

Period:

What Does It Measure?

The Early Market Close in the United States in observance of Independence Day measures the shortened trading hours typically experienced on the day preceding or on July 4th. This event primarily focuses on market liquidity and trading activity, assessing the levels of participation and volume on a holiday-adjacent trading day.

Frequency

This market event occurs annually, specifically on July 3rd or the nearest trading day if July 4th falls on a weekend, and is a standard practice rather than a report with estimates or revisions.

Why Do Traders Care?

Traders care about the Early Market Close because it often signals reduced market activity and liquidity, which can lead to increased volatility in asset prices. It impacts trading strategies, particularly for currencies and stocks, as many traders may adjust their positions ahead of the holiday.

What Is It Derived From?

The Early Market Close is not calculated from a survey or data collection but is based on established market regulations and practices observed by stock exchanges. These regulations dictate trading hours, often influenced by historical precedents and public holidays.

Description

The Early Market Close reflects a significant change in trading hours for U.S. financial markets, closing typically at 1:00 PM EST instead of the usual 4:00 PM. This shortened schedule can influence trader behavior and market dynamics, leading to shifts in typical trading patterns as participants may reposition their portfolios ahead of the holiday.

Additional Notes

This event serves as a coincident economic measure, reflecting typical patterns in trading behavior during holiday periods. The Early Market Close can also be seen in conjunction with other market events or holidays, affecting broader trends in market performance across various regions.

Bullish or Bearish for Currency and Stocks

Due to the nature of the Early Market Close, it does not present specific numerical expectations; therefore, its impact on currency and stocks is typically neutral or contingent on traders’ sentiment and actions leading to and after the holiday.

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