China Market Holiday

Info

History

Chart

Impact:

Low

Latest Release:

Date:

Actual:

Forecast:

Previous/Revision:

Period:

What Does It Measure?

The China Market Holiday measures the impact of designated public holidays on trading volumes and economic activities in financial markets, specifically focusing on stock exchanges and trading behavior. This event assesses the effects of non-trading days on market sentiment, liquidity, and overall economic performance.

Frequency

This event occurs annually, with specific dates determined by the Chinese calendar and national observance, resulting in closures at various times of the year without a preliminary estimate or significant revisions.

Why Do Traders Care?

Traders pay close attention to the China Market Holiday as it often results in decreased trading volumes and can lead to shifts in market sentiment, impacting asset classes such as equities and currencies (e.g., CNY, USD). The holiday period's economic consequences can influence forecasts and investment decisions, making it a critical consideration for trading strategies.

What Is It Derived From?

The identification of the China Market Holiday is derived from government announcements regarding public holidays and the operational schedules of China's stock exchanges. Traders evaluate trading volumes, historical performance data during similar holiday periods, and changes in investor behavior before and after these holidays.

Description

The China Market Holiday typically leads to reduced activity in financial markets, as trading ceases, and investors may take time to reassess their strategies and positions. While it does not directly yield economic data, the inactivity can cause liquidity to tighten, contributing to volatility once markets reopen.

Additional Notes

This event is considered a coincident economic measure, as it aligns with actual trading behaviors and economic conditions during the holiday. It is often compared to other national holidays or market closures globally to assess the relative impact on market dynamics and investor confidence.

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
Jan 03, 2022
Jan 02, 2022