United States Juneteenth National Independence Day

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History

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Impact:

Low

Next Release:

Date:

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What Does It Measure?

The Juneteenth National Independence Day measures the acknowledgment and commemoration of the end of slavery in the United States, specifically marking June 19, 1865, when enslaved African Americans in Texas were informed of their freedom. This holiday focuses on aspects of social justice, equality, and historical recognition, assessing the cultural and societal progress across the nation.

Frequency

Juneteenth is observed annually on June 19, with celebrations, events, and community recognition typically occurring on this date. Since it is now a federal holiday, it is formally recognized every year.

Why Do Traders Care?

While Juneteenth itself is not a direct economic indicator, its recognition can influence market sentiments related to social equity and economic justice, impacting sectors focused on diversity, equity, and inclusion. The holiday may also affect consumer spending patterns and operational schedules for businesses, which traders consider when forecasting market movements.

What Is It Derived From?

Juneteenth is derived from the historical events of June 19, 1865, specifically the announcement of freedom to enslaved populations in Texas, and is grounded in the broader context of the Civil War and the Emancipation Proclamation. The observance is built around historical documents, oral histories, and the collective memory of African Americans and their ongoing struggle for civil rights.

Description

The Juneteenth National Independence Day serves as both a celebration and a reminder of the historical injustices faced by African Americans, emphasizing the need for ongoing dialogue about race and equality. It encompasses various activities, including educational programs, community events, and reflections on civil rights progress, urging society toward greater awareness and activism concerning racial issues.

Additional Notes

Juneteenth acts as a coincident economic measure, reflecting broader societal shifts towards recognizing racial equality and civil rights. It connects with various related indicators, such as employment equity statistics and diversity in corporate governance, highlighting ongoing disparities and prompting discussions about economic and social reforms.

Bullish or Bearish for Currency and Stocks

N/A

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