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May 1st, May Day is also known as Labor Day, and it is a celebration for the labor movement globally. This is a national holiday for more than 80 nations. This old rule came from the fashion habits of the wealthy in the first half of However, this rule is not actual anymore. Various Major unions organize special demonstrations and rallies in Nagoya, Osaka, and Tokyo. In France, this May Day or Labor Day holds equal importance, and it is a day of the campaign to celebrate the rights of the workers.
On this day, in France, the loved ones are gifted with the dog rose flower bouquet or the lily of the valley flower. The children and people wake up during the early hours and go deep into the woods to pick up this flower. The various labor organizations also sell this flower on this May Day. People hold campaigns for their human rights, abolish racism, and highlight existing social issues. For the Germans, this is a prehistoric festival and a way to welcome the spring season by driving away from the evil spirits.
April 30th, midnight to the early hours of May 1st, is the May Day celebration time for the Germans, who observe this day as the Witches night. May Day starts with the traditional Maypoles. In Italy, it is a springtime and flower festival, wine and food festival, events, and medieval reenactments embark on this day to start the spring season. Big crowds are hanging around to visit the most popular destinations in Italy on this day.
In Switzerland and Singapore, May Day stems from the prehistoric customs related to the spring celebration. This is a national day for the nation. Constitution Day in Japan day signifies the power of democracy and its Government.
On this day, there will be many ceremonies all across to celebrate the anniversary of the constitution in the country. Many people attend special lectures organized on this day, which marks the importance of the constitution that has been enforced for over fifty years. The visitors visit the Diet building and take photos of the building on this day. This is one of the busiest days in Japan, and all the sightseeing spots are crowded heavily.
It is of much significance, as it is a day that commemorates the birth of Buddha, his enlightenment, and his death. The day will fall on the fifth or sixth of the lunar month known as Uposatha Day. The day begins with the traditional sutra chants by the saffron-clad monks, and the other devotees make a visit to the temple and offer their prayers, meditate and make their offerings. The other thing peculiar today is that the caged birds or animals are set free, and the poor or needy are given alms.
Buddhist youngsters even organize a camp for blood donations. The celebration of the day gets completed with the candlelight procession, marched throughout the streets. The Buddhist temples are crowded with observers and devotees who join the celebration.
This originally was started as a festival of Rome, which honored the start of the summer season. This day marks the beginning of the summer month, and various events are conducted to conclude the wintertime. The day is also a day to pray for the fertility and betterment of the forthcoming summer. Maypole dancing is a traditional dance held worldwide; the girls mainly dance around the tall pole, suspended with colorful ribbons.
The girls make a decorative shape with those ribbons, and all the schools, mainly in rural places, organize this dance. Morris is another dance that is traditionally followed in this period; this is a dance specifically for the boys dressed with white bells all-around their costumes, carrying the scarves and wooden sticks.
Huge accordion music is accompanied for this dance, and the Morris dancers hold big displays. On the first Monday in May, the houses are decorated with flower garlands and leaves, the living image of May Queen is crowned and decorated. The girls believe that if they wash their faces with the morning dew, they will look beautiful, and so this is also traditionally followed mainly in the rural areas. There is a festival of chimney sweeps in Rochester.
These marches are organized through the workers union. Previously, these marches lead to violence, but of late, there is a complete peace march all over the country. All the schools, businesses, and organizations remain closed on this day.
Victory day of France 8th. This is the anniversary day while Charles de Gaulle declared the end of the war on May 8th, Before this day, all the schools and educational institutions focus on history and teach the 2nd world war and Nazi oppression. This knowledge is preserved by them so that they can respect modern society. On May 8th, there will be church services, Parades, and other regional processions.
People sign patriotic songs and fly high their National Flag. All the homes and Government buildings hoist the National flag; this is a joyous moment for every citizen as they remember the people who gave their lives for the nation. The veterans attend the Champs-Elysees and are also honored on this day for their dedication and service to the nation.
Ascension Day represents a holiday for the Christians of France and Switzerland, and a celebration for all Christians. The 39th day after Easter is called Ascension Day. Christians attend the special prayer meeting in the churches and mark the ascension of Christ to heaven, while for the other people, this is a day where they can spend some time with their family, friends, and relatives and relish the spring season.
This day falls on the 5th day of the week on Thursday, also referred to as Ascension Thursday. During the procession, 4 different verses from the Bible are read out at 4 different halting points. In Aachen, the International Charlemagne award is presented on this day. This prize goes to the person who had contributed to humanitarian and world peace.
Victoria Day is a federal holiday for Canadians. This day falls on the last Monday of May, before May 25th. This day is a day for honoring Queen Victoria on her birthday. This day is of significance for the country both historically and culturally. It is also called the May two-four day. The cities can be seen with parades and fireworks to mark Victoria Day.
This day also marks the day of the finish of the wintertime. The day is movable and differs every year, as the day depends upon Easter. Various customs are actually associated with this day, like the throwing competitions and cheese rolling in England. Simultaneously, in other parts, some parades are led by the clergies, brass bands, dignitaries, and various other local associations.
The day gets completed by conducting different activities like dancing and eating competitions. Few people spend some silent time with their family, while few may participate in cultural and sporting events. France has a quiet ambiance today, as all the stores, schools, and business houses stay closed.
This public holiday differs year to year depending upon the fall of Easter. The churches in Germany will conduct the Pentecost celebrations the whole week, and the 2nd day of the Pentecost begins with various regional customs and local customs. In rural areas, the young men nail the branches to the house walls of the women they wish to marry.
In a few German areas, the celebration continues even after Pentecost day, like the succeeding Tuesday is called the Forest day. Historical events and related plays are also dramatized. The next day that is Wednesday is Garlic Wednesday, where people eat traditional garlic. In Switzerland, the residents take Monday off by celebrating in the churches the ancient feasts. This Holy Spirit day is a federal holiday for the Swiss, and they take part in the various religious events conducted by the local organizations.
Horse Racing is one traditional event that is conducted mainly on this occasion. But all areas or cantons celebrate this day in Switzerland; for instance, Canton Valais will not observe this holiday but will instead commemorate Corpus Christi on June 23rd. Americans on this day honoring the men and women who died while serving in the U. People would visit the graves even if the deceased were not from the military side. Memorial Day is not Veterans Day, as veterans day is for all the living and dead veterans of the US military team, while Memorial day is for all the people who died serving the nation.
People start to wear white garments and white shoes from this Day till Labor Day. Republic day commemorates the institutional referendum. Italians were called to select the Government form republic or monarchy , which they wanted after the 2nd world war finishes succeeding the fascism fall. Italian people got their Republic after surfacing 85 years of stiff monarchy, and hence this day is of great importance to the nation and its people.
It is alternatively also called the late May bank holiday. As this falls during spring, the people have a pleasant off from their schools and workplace. Many people make a short vacation or trip. But still, in many parts of the United Kingdom, various customs are associated with this day.
The Ancient Britons and Romans started this tradition. Previously the cheeses were rolled on the hills, and people used to chase them, but since this was dangerous, the cheese is rolled down these days but not chased. In Endon, the village girls get dressed well and participate in the crowning competition, while the boys compete in the Toss the Sheaf race. Local festivals, Morris dances, and boating are the other activities that mark this day.
This day is for the special honoring of the queen for her 60 years of reign. Celebrations worldwide mark the day, and the events will have a special medal commissioned, a wide competition for the towns so that they can bid to get the city status. The Greenwich being granted the Royal borough status. Many events are conducted in Buckingham Palace. Corpus Christi, represents a Western Catholic feast held every year on the second Thursday after Pentecost in Germany.
It is a very significant day at the Catholic Church, and the Eucharist is honored on this day. This sacred day is marked by the parades that take place all across the country to get the Blessed Sacrament. Even the Anglo-catholic Parishes celebrate this feast of Corpus Christi.
On this day, Catholics and some of the Protestants attend the special church services, where exceptional attention is paid to the Sacrament blessing. This sacrament consists of the traditional bread and wafer, which represents the body of Jesus.
At some of the places, this Blessed Sacrament gets paraded on the streets after the church service. Small villages celebrate this feast by having a colorful celebration. Since , it is traditional to have the ship procession on the Rhine banks, which has continued until now. Even though the origin of this feast is not certain, people believe that a thief will not be allowed to pass through the river, as some unforeseen force will restrain him from crossing; this force is said to be the form of God, which is punishing the thief for the sins.
This public holiday is also special as it marks the opening of the Australia winter snow sporting. Western Australians celebrate this on the 1st Monday of June. Ever since , this day is being celebrated in Australia.
In South Australia, this day is called Volunteers day. Since Australia is one of the Commonwealth members and is a constitutional monarchy, this day is a public holiday. All the Australians have a day off from their schools and offices and enjoy some sporting events and weekend trips. Many of the areas start the famous sporting events like the Melbourne cricket on this day.
This day is the weekend opening of the snow season too. Fireworks and various displays are also some interesting things that people enjoy, especially on this occasion. Dragon Boats Festival will be held on Friday, Jun 3, The Tuen Ng or the Dragon boat festival in Hong Kong is celebrated during the 5th day in the 5th lunar month.
This traditional and ancient festival of the Chinese is one of the Worlds boat carnivals. Thousands and thousands of revelers and spectators grace this stunning experience at Victoria Harbor. It is a colorful and boisterous feast with many clubs and countries actively participating in the weeklong event.
The legendary boat races like the Hong Kong International boat race and the Lee Kum Kee championships are a part of this feast. This day is for serious boating action, and the whole ambiance in Hong Kong covers food, beers, and music. Since this is a serious sporting event, all the participants practice for these days ahead and prepare to meet the stiff competition. The biggest race is normally held at the Stanley and Yau Ma Tei.
This carnival also attracts many tourists and spectators from all across the globe for shopping and to witness the greatest and international Dragon boat race. All the event contestants have great fun and joy as they get dressed up in their team uniforms and get into the water race. Canada Day is a federal statutory holiday for Canadians on July 1st. Next Canada day will be on Friday, July 1. In case the Day falls on a Sunday, the succeeding day is considered and declared a holiday.
Canada day commemorates the anniversary of the Constitution Act, which consolidated three territories into the single nation of Canada, way back in This was previously known as Dominion Day. The day is of traditional, cultural, and national importance for Canadians.
There are citizenship ceremonies too for the new citizens of Canada. In Quebec, the parks are mounted with small events. The Municipal Government holds a range of events like carnivals, pancake breakfast, and concerts in their respective areas.
The Canadians can be seen with painted white and red faces symbolically their national flag. It is an exuberant time in Ottawa. In Quebec, this day is also referred to as the Moving day, and hence many people can be seen moving their possessions from a place to the other as a traditional practice.
It is a memorial day for the province of Labrador and Newfoundland, as this day is commemorated for the huge loss of lives of the Newfoundland regiments who died during the 1st world war. Half mast flags with commemorating services are held at the war memorials. This day is a great day for the people, and they organize the customary fireworks display in the evenings. Various political rallies and demos are conducted to demand universal suffrage.
Independence Day observed the United States federal holiday in honor of the Declaration of Independence. It is held on the 4th of July because it commemorates the adoption of the Declaration of Independence on July 4, If the 4th of July falls on a Sunday, the immediate day will be celebrated as Independence Day.
All the buildings and homes in the American country can be seen with hoisted flags. Since it is a day of celebration, the people visit their family, friends, and relatives and have a great time together apart from the barbecues and picnics.
Various games like the hotdog, watermelon eating competitions will be conducted in the country. Sporting events like the 3 legged race, swimming, baseball, and tug of war are few games traditionally conducted on this day. Americans enjoy the fireworks on the streets, mainly at the Washington Monument, followed by some patriotic songs.
The television will broadcast the best impressive fireworks. On this patriotic day, many politicians will appear at public meetings and support their heritage, history, and people. The main aspect on this day is that the people will express their thanks for their liberties and freedom struggled by the 1st generation of the present Americans. All the schools and Government offices will remain closed on this day.
Family reunions, parades, and concerts are a few other celebrations that are associated with the day. Bastille Day or National day represents the French holiday and the anniversary of the fall on July 14, , of the Bastille, symbol of the French Revolution. Bastille Day is so named for the English-speaking countries and is celebrated on July 14th. This day was formally called the La Fete Nationale.
The day begins with the traditional military parade with the cadets from many troops. There are many motorized troops, aircraft aerobatics, and other interesting shows today in different countries. The French allies are also called traditionally on this day for the parade, which will then be followed by the march past of the British Royal marines.
Large-scale public activities, including communal meals, parties, fireworks, and dances, are a few of the embarked events. In Paris, the day begins with a large parade; all the French navy, French foreign legions, military cadets will participate in this parade. The spectacular Fire brigade completes the parade, flying the military aircraft all over the parade route.
The President then begins the parade by reviewing the troops while the other people follow the line and route. The Eiffel tower can be seen with the national flag, and the people paint their faces with shapes and colors of their national flag. Marine day is also referred to as Sea day or Ocean Day in Japan. This national holiday of the Japanese falls on Monday, July 3rd, every year. The chief purpose of this day is that it is thanksgiving day.
Japanese take this opportunity to have a break from the summer weather and enjoy the beach trips. Other water-related and ocean-related activities are also observed during this day. This day of gratitude is mainly to bless the ocean for its abundant economic resources and expect the same economic prosperity in the days ahead. Ever since , this day has become a national holiday for the Japanese. Before this, this day was not a holiday and was known as Marine Memorial Day.
Various Fish shows and exhibitions will be organized during this phase, thereby drawing more visitors and spectators. The National day of Switzerland is August 1s and commemorates the day of the Founding of the Swiss Confederation in Switzerland was formed in by an alliance of cantons and Federal Constitution was presented in This is officially a national holiday since This day of independence is celebrated at the municipality and local level with nationwide events and activities. Basel is known for its fireworks.
This is a day mainly for the bank employees, and hence all the banks in Australia will be closed. In , the August bank holiday in Australia will be on August 1st. People have a day off and celebrate the weekend with family, friends, and relatives by visiting the Blue Mountains, relishing the fresh air, or going shopping. All the beaches across the north coast are flooded with local and international tourists.
Byron Bay is the most popular attraction. People visit the snowy mountains and ski fields and enjoy snowboarding, skiing, and other sporting activities. Few of the restaurants are also closed to give a day off to their employees.
This is otherwise also known as the Provincial day or the Civic Monday or August holiday. Few other territories also term in various other local names. In it fell on August 6th, but in it is on August 5th. Throughout the country, various events and celebrations are attributed to its history, culture, and achievement. Even though the celebrations are at a key level, various communities are customarily practicing them.
The event may be preparing and distributing the birthday cake for their province, making communal meals, lunches, barbecues, and supper. The country also conducts large events that consist of road races, fireworks, and various cultural festivals. All the business houses, schools, and other institutions remain closed on this day, and much of the transport services are also affected to some extent.
For Yukon and Quebec, it is not a public holiday, however. The event was initially organized and held in For the second time, the combined school choir got introduced on the Float. The country held the National day parade and was attended by more than a million citizens and cabinet ministers.
The first national day was celebrated in Singapore in , one year from its separation from Malaysia. The parade of the day starts as early as 9 am. The fire brigade is also a highlight today, rounded by mass lion dance and dragon performance. The declaration of the independence of the country takes place at the parade ground Padang.
A unique logo was selected for the NDP for all fonts, which began in The parades, ceremonies, march past, and mobile column, which lasts for nearly 45 minutes, highlight this occasion. The Flypast of the Air force of the Singapore Republic has been followed regularly and is the favorite.
In churches, this day is commonly celebrated on 15 August. This is the chief day of the feast of the Mother Mary. The Assumption day is celebrated every year or on August 15th in many countries across South America and Europe, while few countries celebrate this during other times. It is the day of dormition Feeling asleep of all the Holy Mothers in Eastern nations. This day in France is a day for excursions and parties for all the people.
There is a special Feast of a soul in Brittany, mainly dedicated to Mother Mary, a great consoler. This day is also special for the French people, as they consider this occasion as a special one for betrothals, and Christians pray at the church, asking the blessings for their life partners and a good future. This is then followed by bonfires, musical bagpipes, and dances.
All around the country, there are colorful processions on the streets and displays of fireworks to denounce the Feast of Assumption of Mother Virgin in Italy. Pageants will be conducted on the decorated canoes, each of them holding a captain, three musicians, purser, and 2 rowers. They then travel all across the village for feast and Entertainment. Many of the Catholics visit Lourdes on this day to attend the celebration. In Italy, the statue of the Lady is carried in procession around the church or cathedral.
In Siena, the most popular race Palio is held to honor the Virgin god. The race is conducted at the great public square in the city, which is scallop-shaped and surrounded by the beautiful and ancient buildings that are especially draped for the occasion. The special dish for the day is the Scaloppine al Marsala. Major parts of the country will remain closed for the day, and public life is silent and quiet.
Virgin May is regarded to have become a Patron saint ever since This day is a holiday for the country of Singapore, and the Muslims fast the whole day during the month of Ramadan. The end of Ramadan is the beginning of the Shawwal in the Islamic month. All the Muslims fast and pray during the whole day of this month and attend the communal prayers, listen to the Sermon, and donate food as charity during this phase.
This is celebrated after finishing one month of full fasting by the Muslims. Hari Raya means a grand day for the rejoicing of the Muslims. This is the most prominent festival of Muslims in Singapore. This day is a time for forgiveness for the Muslim community and strengthening the bonds in their community. On Hari Raya Puasa, Muslims decorate the houses, wear new clothes, invite friends and relatives and celebrate the festival as a group.
Muslims visit the Mosque, recite the special prayers to complete the month-long fasting period, and welcome Ramadan. It is customary for Muslims to seek forgiveness from their elders on this day for all their wrong deeds during the past and to start a new life after that.
There will be a lavish food table for dining on this special day for the Muslims, with varieties like the beef dish, ketupat, lontong, and many other treats. Cookies, pineapple tarts, and cakes are the other delicacies. In some of the houses, the traditional kerosene lantern, Lampu color, is lit for decorating the homes; the decorative lamps have, however, replaced the old ones in modern homes.
The first Monday of August in Scotland is the summer bank holiday, and for Wales and Northern Ireland, the last Monday of August is the summer bank holiday. This day is the end of the summer vacation for many people in the United Kingdom, as they return from their homes to join their school or work in autumn. This day is the end of the summer vacation, and many people take a short break during this 3 day weekend. It is a break to clean up their homes for some people, get the repairs done, and improve them.
The famous Notting hill is the special carnival is held in London on this day; the streets are flooded with people playing music, dancing to the tunes of the playlists, and exuberating repeatedly the streets with the drum beats. This festival is being celebrated since , and Caribbean immigrants actually organized this. They originally started to fight against racism and poor working conditions, and for the poverty, the people suffered.
But of late, this carnival is modified, and it has become a multi-cultural festival that attracts millions and millions of people from all across the globe. This is regarded as one of the largest street carnivals in the world. All the schools, corporate offices remain closed for the day. This Summer Bank holiday was initially introduced in The day was given a holiday for the bank employees to take part or attend the cricket matches. The Turkish bank holiday or Victory Day of Turkey will be on This is an annual day celebration on August 30th for the Turkish victory over the Greeks in This is a Victory day and a day of celebration for the Turkish.
On this day, the shops, offices, schools, and all houses are decorated with the Turkish flag, and the people celebrate this day by attending the parades which take place all across the country. The Air force carries our special flight demonstrations on this day. The officials even attend the ceremony in Ankara. This day is special for the Air force, as all the Armed forces promotions are conducted on this day, and in fact, all the graduation ceremonies for the students take place on this day only.
Public life is disturbed for some time on this day due to the rallies and military parades. This day was basically given to the workers as a holiday to campaign for good working conditions and pay. But of late, this day has become a long week break for the Canadians. While for the others, the day is a day of enjoyment as they make trips and enjoy with family.
On this day, Canadians enjoy the football match that is played majorly throughout the country. All the offices and schools are closed on this day, and public transport is affected. Barbecues, public events, and the display of fireworks are some common scenarios on this day.
In Japan, Respect for the aged day is celebrated yearly by spending time with their elderly relatives and friends. This day is celebrated yearly on the 3rd Monday of September. In , respect for the aged day will be on September 19th. This concept then gradually started to spread throughout the country, and then the government declared it officially a holiday on September 15th.
After adhering to the Monday system, the country then shifted the respect for the aged day to the 3rd Monday of September from This day is celebrated with huge pomp and gaiety. Japanese who are above 60 years of age wear a red red-coloredcoloredese also prepare the lunch box and give this to the other known or neighboring older people.
In some of the communities, the small children organize dance shows, musical concerts for their elders, and all the older people of the village or community join together on this day and enjoy the night as a group. As this day falls on Monday, the Japanese get a long weekend and can move about to various places with their family and relatives. The roads and all public places are usually overcrowded on this day.
Events in the Media like TV shows and audio broadcastings focus on programs mainly dedicated to older people. The fall equinox or the Autumn Equinox in Japan is a public holiday, and it falls on the 22nd or 23rd of September every year, depending upon the Japan Standard time.
This day might differ every year due to the different time zone of the country. This day is established as a national holiday ever since to honor the people who have died. Before the autumn equinox or the fall equinox was called the suki Korea sai, dedicated to the ancestors. This day will occur while the sun rays cross the equator line from the northern hemisphere to the southern hemisphere.
In the present-day Gregorian calendar, the fall equinox will fall on September 23rd. The sun on this day will rise right from the east and set exactly towards the west; the day and night are equal on this day, but after this day, the days will get shorter and nights longer in the northern hemisphere. The people of Japan will call this phase the autumnal equinox again.
This is called a phase because it lasts for 7 days, 3 days before the equinox, and 3 days after the equinox. The ohagi is served on this day as it is traditional, and even all the bakeries in the country are rather busy preparing for this day as there is a great demand for this dish. Hong Kong celebrates its national day on October 1st every year, and this is a day to show patriotism for the country by its people.
The day begins with parades, fireworks, shows, cultural events all across the country. The day is full of parties and dining as all the people gather at the Victoria harbor to witness the fireworks at 9 pm. It is a public holiday all across the country, even though the dates may differ from territory to territory or area to area. Australians enjoy this day by relaxing and spending their time with friends and relatives watching sports and barbecues.
Simultaneously, few of them will prefer to go on a trip to the mountains or picnics in the countryside or camping. The capital city Queensland organizes parades and marches on this day, and many of the chief political leaders lead these marches. At the same time, the other union members also participate in this march.
The symbol eight is of great importance to Australians, and hence many of the union buildings in Australia can witness the symbol 8 in their buildings. In fact, the symbol at the Spring Street of Melbourne was erected in to feature this occasion only. The Day of German unity represents a national holiday for the Germans and it is celebrated on October 3rd every year as the German reunification anniversary.
The Germans have a day off, and they organize huge events and celebrations like the leaders, politicians, concerts, food and communal meals, cultural presentations, and fireworks. The whole nation has a festive mood and the different cities of the nation host different celebrations. Muslims played a major role in forming modern Germany, and hence on this day, the Muslim community is also honored. It is a public holiday for the nation, and much of the traffic is disrupted on this day as there will be huge celebrations that take place all across the streets and flooded with people taking part in the marches and parades.
The main symbols to symbolize this day for the country are the Berlin wall and the Brandenburg Gate. In Canada, Thanksgiving day is celebrated yearly on the 2nd Monday of October. The next Thanksgiving day in Canada is 10 October Thanksgiving Day in Canada is a celebration of being thankful for what one has and the bounty of the previous year.
This day is celebrated in the year This day, as the name suggests, is a day for thanking and blessing an individual. It is also a day to pray for a future fortune for Canadians. On this day, the country has a very silent look as all the people are off from their work, and the families will have a great get-together.
The people prepare special dishes, including the traditional roasted turkey, seasonal produce, corn, pumpkin, and pecan nuts. This day is a prolonged weekend holiday to take a short autumn vacation. The other activities on this day are Canadian Football matches, fishing, hiking, and other matches. All the people gather together and enjoy the spectacular autumn colors of their country.
This day of Thanksgiving in Canada is associated with the traditional harvest festival of Europe. Hence, common symbols like the horn or the Cornucopia filled with seasonal vegetables and fruits are, in fact, used as the symbols for this day.
Horn of plenty means a bounty symbol from Ancient Greece, and so this symbol is used for this day to thank Mother Nature for providing their country with such bountiful agriculture. The Health-sports day is also called the sports day in Japan, and this is a national holiday throughout the country on the 2nd Monday of October every year. This event is held in the country to commemorate the opening of the Summer Olympics of This Health and Sports day initially began in on October 10th, just two years after the Summer Olympics The Forex calendar news out of the United States is one of the busiest of them all.
Moreover, the Intermarket correlation means the dollar will move not only the Forex market but also other markets like bonds, stocks, options, and so on. Hence, it is all about interpreting the economic news. For a currency, it is all about the interest rate level. Hence, the Federal Reserve interest rate announcement and press conferences move the dollar. And, the Forex market. The Fed meets every six weeks. This is a text describing the monetary policy.
Once a quarter, or every two sessions, a press conference follows the FOMC statement. Never has the Fed hiked or cut the federal funds rate without a press conference to follow. Therefore, the federal funds interest rate level is THE Forex news to watch. As a rule of thumb, the higher the interest rate goes, the stronger the dollar becomes. The Forex market volatility increases tremendously during the Fed presser. Press representatives from around the world ask questions.
No one knows the questions. And, no one knows what the answer will be too. As such, the USD makes large swings all over the charts. Effectively, it trips stops both for longs and for shorts. Inflation shows the change in the price of goods and services over a period of time. It is one of the closely watched Forex news.
The market reaches extreme Forex volatility levels if the CPI deviates from the target. Traders know the Fed closely watches inflation. Part of its mandate, the Fed targets a two percent level for the CPI. Instead, it considers the Core CPI. Or, inflation without transportation, energy and food costs. The standard interpretation is that when inflation falls, the currency depreciates.
When inflation is in the fall, expectations grow that the Fed will ease the monetary policy. After all, trading is a game of expectations. However, if deviates strongly, the Forex volatility spikes as traders bet the Fed will react. Everyone knows these days that the ECB has a problem with inflation in the Eurozone. More exactly, with the lack of it.
In this relation, levels of 1. Higher inflation levels lead to the central bank raising rates. Contrary, lower inflation results in the central bank cutting rates. Higher rates mean a higher currency, while lower rates are bearish for a currency. It is clear now why inflation is so important for the central banks. Hence, it is one of the most important Forex fundamental analysis indicators. The end of October saw the inflation in the Eurozone unexpectedly falling.
As per the economic calendar, the expected or forecasted value was 1. However, the actual number came at 0. Hence, market participants started to sell the Euro in a frenzy. Because part of the fundamental analysis of Forex market is to trade expectations. In this case, based on the inflation data, expectations grew that the central bank will cut rates at the next meeting.
Cutting rates are bearish for a currency and sellers step in. So they did, as the chart above shows. The next ECB meeting was after two weeks and traders sold the Euro on rate cut speculations. This is how the economic calendar Forex influences trading decisions.
For the next two weeks, all Euro pairs suffered across the dashboard. No other news part of any economic calendars mattered anymore. The ECB did deliver. However, the lows in that day turned out to be the lows for a long period ahead. The explanation comes from the press conference. A press conference follows forty-five minutes after every ECB meeting.
The President reads the statement, and press representatives ask questions. However, he added that the ECB expects inflation to pick up next year. Because of that message, traders focused, yet again, on expectations. So, bullish for the U. Traders simply disregarded the data and before you know the pre-ECB highs disappeared.
So powerful the fundamental analysis in Forex is. Part of understanding the fundamental analysis Forex market moves upon is to know the players.