New Zealand Queen’s Birthday

Info

History

Chart

Impact:

Low

Next Release:

Date:

Period:

What Does It Measure?

The New Zealand Queen's Birthday is a public holiday that measures the cultural and national observance within New Zealand, reflecting the significance of the monarchy in the country's history and identity. It primarily assesses societal engagement, domestic leisure activities, and the economic impacts associated with a public holiday, such as effects on retail employment and consumer spending.

Frequency

The Queen's Birthday is observed annually, typically on the first Monday of June, and does not involve preliminary or final reports.

Why Do Traders Care?

Traders may consider the economic activities surrounding the Queen's Birthday because public holidays can affect retail sales and consumer behavior, contributing to broader economic indicators. The day off work generally results in increased leisure spending; however, the effects can vary based on consumer confidence and economic conditions.

What Is It Derived From?

This observance is derived from historical traditions and conventions regarding the British monarchy, specifically marking the birthday of Queen Elizabeth II. Its significance in New Zealand is revealed through various local customs, celebrations, and events that may influence local businesses and economic activities.

Description

The Queen's Birthday serves as a cultural touchstone but has implications for economic activity primarily through reductions in trade and productivity. Although there is no formal reporting associated with this event, traders may look to related indicators, such as retail sales figures during this holiday period, to gauge consumer spending patterns.

Additional Notes

The Queen's Birthday is considered a coincident economic indicator because it reflects current economic conditions related to consumer behavior and leisure spending. Comparatively, it can be linked to other public holidays, which also exhibit shifts in economic metrics such as retail sales.

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