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Italy EUR

Italy Liberation Day

Impact:
Low

Latest Release:

Date:
Actual:
 
Forecast:
Previous/Revision:  
Period:
What Does It Measure?
Italy Liberation Day, celebrated on April 25th, measures the historical significance of the end of Nazi occupation and the establishment of a democratic government in Italy post-World War II. It primarily focuses on civic remembrance and national unity, rather than economic indicators, but it can represent the country’s socio-political stability and indirectly influence economic sentiment.
Frequency
This event is commemorated annually on April 25th, with no preliminary or final estimates as it is a historical celebration rather than a report.
Why Do Traders Care?
Traders may care about Italy Liberation Day as it can affect market sentiment indirectly through a national atmosphere of stability and unity, which can bolster investor confidence. National holidays may also influence trading volumes and operational hours for businesses, impacting market dynamics during the celebration.
What Is It Derived From?
The significance of Italy Liberation Day is derived from historical events, notably the Italian Resistance movement and the subsequent defeat of Fascism that led to the establishment of the Italian Republic. It is based on collective memories and social narratives rather than quantitative data or surveys, emphasizing collective national identity.
Description
Italy Liberation Day is a public holiday marked by various events, including parades and speeches, celebrating the liberation from oppression and the values of freedom and democracy. While this day does not comprise economic data, its observance signals the importance of remembering national history, which can influence public sentiment and economic forecasts indirectly.
Additional Notes
As a commemorative event, Italy Liberation Day serves primarily as a cultural and historical measure, reflecting broader national attitudes rather than immediate economic indicators. It aligns with other significant national holidays in Europe that stress themes of liberation, unity, and democracy, impacting socio-political discourse in Italy.

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