Benefits of Using a Forex Economic Calendar

Of course, one of the most important factors determining the value of a currency is the health of a nation’s economy. A forex calendar provides a lot of important information that can be interpreted by an experienced forex trader. Both categories provide valuable information that can significantly affect your forex trading strategy and have an impact on the results you get when trading with currency.

The Producer Price Index released by the Statistisches Bundesamt Deutschland measures the average changes in prices in the German primary markets. The Central Bank Reserves released by The Central Bank of the Russian Federation present reserves in foreign currency and gold The Central Bank holds. Reserves can be a precautionary measure for countries susceptible to financial crisis. A high reading is is seen as positive (or bullish) for the Russian Ruble, while a low reading is seen as negative (or Bearish).

PaxForex offers all traders an excellent forex calendar which details all economic news releases for each trading day. Advanced forex news calendar automatically updated in real-time as soon as current economic events get released. Customize it by selecting the time zone and filtering economic events by market impact, currencies, and their type. See economic news sources, descriptions, frequency, and historical list of events with the data. FX Empire’s Economic Calendar displays financial events and indicators from across the world.

The percentage of unemployed people, measured by the ratio of individuals who are out of work and who are willing and able to work as opposed to the total number https://traderevolution.net/download-and-work-with-trade-interceptor-app-review/ of individuals in the work force. It is lagging indicator as it changes along with economy, and it shows future interest rates and monetary policies.

It shows the strength of the construction industry, which, at the same time, hints at the investments made in this sector of the economy. Usually, a high reading is positive for the EUR, while a low reading is negative. An optimistic view of those 7,000 business leaders and senior managers is considered as positive, or bullish for the EUR, whereas a pessimistic view is considered as negative, or bearish. The Trade Balance released by the Federal Customs Administration is a measure of balance amount between import and export.

forex calendar

If you want to become a successful forex trader and make a sustainable profit from trading, a forex calendar is definitely one of the tools you will be recommended to follow daily. There are three main figures a forex trader can figure out thanks to data provided by the forex calendar.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading Point MENA Limited is authorised and regulated by the Dubai Financial Services Authority (DFSA) (Reference No. F003484).

forex calendar

Stay informed with real-time market insights, actionable trade ideas and professional guidance. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.

A positive value shows a trade surplus while a negative value shows a trade deficit. Generally speaking, if a steady demand in exchange for Swiss exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the CHF.

By following indicators for GDP, for instance, or inflation and employment strength, you can anticipate market volatility and gain potential trading opportunities in good time. Our economic calendar showcases relevant events to help you trade these markets too. You can also dig deeper into global financial trends and events with our latest news and analysis articles. When it comes to trading currencies, staying «in the know» requires one to be privy to relevant information in a timely fashion. FXCM’s Economic Calendar presents all foreseeable economic events directly to the trader, making it a powerful analytical tool for quantifying market fundamentals.

An online forex calendar is one of the most common ways to keep up with key economic and non-economic events. The online tool provides a lot of comfort by updating all the data and information in an automatic way so users have access to information 24/7. Different countries have a diverse impact on the global markets, The forex market included. In a nutshell, the forex calendar is the schedule of significant dates and important pre-scheduled events during the year that is expected to have an impact on the markets.

  • Due to the ever-fluctuating nature of the financial market, the scheduling of economic events and indicators are constantly changing.
  • A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy.
  • Thanks to good practice and a lot of knowledge, by the time an announcement is made, the good forex traders will have already predicted the movement of a currency pair.
  • The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance.
  • For example, a forex calendar and the forex trader’s movements it determines can have an impact on the International Trade.
  • Let’s assume this position was originally aiming for a 300 pip profit target and is now just 40 pips from the target.

Displayed in the calendar is the average yield on the bills auctioned by US Department of Treasury. The yield on the bills represents the return an investor will receive by holding the bond until maturity. Investors monitor the yield volatility and compare the average rate at auction to the rate at previous auctions of the same security as an indicator of the government debt situation. Displayed in the calendar is the average yield on the Bonos del Tesoro auctioned by Ministerio de Economía y Hacienda.

When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. Prices provided herein may be provided by market makers and not by exchanges. International Trade, Capital Markets, Political Impact, Economic Releases have all a major impact on a nation’s economy followed by the economic outlook for a country and resulting in affecting the forex marker too. In general, there are two main categories of events highlighted by the http://traderevolution.net/ and these are the predictions of future financial and economic events and the reports of recent financial and economic events.

forex calendar

The Unemployment Rate released by the Statistical Office of the Slovak Republic is the number of unemployed workers divided by the total civilian labor force. If the rate is up, it indicates a lack of expansion within the Slovakian labor market. The Unemployment Rate released by Statistics NL is the number of unemployed workers divided by the total civilian labor force. If the rate is up, it indicates a lack of expansion within the Dutch labor market. Normally, a decrease in the figure is seen as positive (or bullish) for the EUR, while an increase is seen as negative (or bearish).

#11: Fxempire Economic Calendar

A high reading is seen as positive (or bullish) for the EUR, whereas a low reading is seen as negative (or bearish). The Current Account released by European Central Bank is a net flow of current transactions, including goods, services, and interest payments into and out of the Euro-Zone.

– A live forex calendar with complete event data, notifications, custom alerts and widget. Everything you need to track, analyze, and stay up to date with your forex portfolio and the forex markets on the go. Alpari is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. PaxForex is a trading name of Laino Group Limited Which is Registered by (FSA) Financial Services Authority in St.Vincent & the Grenadines Registration Number IBC , Cedar Hill Crest, Villa Kingstown.

Volatility spikes if the published figures come in well below or above economists expectations which can also be found in the economic forex calendar. It is therefore very important for forex traders to make sure that they stay up-to-date with global developments as they will have an instant impact on their trading accounts. Since the forex market is open 24 hours per day and five days per week, it is impossible for any trader to remain alert for what may happen. Professional traders and firms employ scores of analysts and strategically place them around the globe to make sure no event takes place without being able to act.

This indicator measures the average number for the last four releases of the Initial Jobless Claims, which are released every Thursday. It is published by the US Department of Labor as a measure of the number of people filing first-time claims for state unemployment insurance. An increasing trend in this number indicates weakness in this market which influences the strength and direction of the US economy. Generally speaking, a decreasing trend should be taken as positive or bullish for the USD. The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance.

The real-timeEconomic Calendarcovers financial events and indicators from all over the world. The Real-time Economic Calendar only provides general information and it is not meant to be a trading guide. FXStreet commits to offer the most accurate contents but due to the large amount of data and the wide range of official sources, FXStreet cannot be held responsible for the eventual inaccuracies that might occur. The Real-time Economic Calendar may also be subject to change without any previous notice.

Economic indicator analysis

Likewise, if the SARB has a dovish view on the economy and keeps the ongoing interest rate, or cuts the interest rate, it is seen as negative, or bearish. The Philadelphia Fed Survey is a spread index of manufacturing conditions (movements of manufacturing) within the Federal Reserve Bank of Philadelphia.


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