An economic calendar is a schedule that shows important economic events and data releases, such as interest rate decisions, inflation numbers, employment reports, and GDP results.
These events often move the financial markets, so traders use the economic calendar to know when volatility is expected and to plan their trades.
An economic calendar helps traders anticipate major market movements.
It lists upcoming news that impacts prices, like CPI, NFP, FOMC, GDP, PMI, and central bank announcements.
By checking the calendar, traders can:
Avoid high-risk times
Catch big opportunities during news releases
Manage risk more effectively
In simple terms:
The economic calendar tells you when the market might “explode” in either direction.
You can customize your view on this economic calendar by selecting multiple trading currencies from the currencies dropdown list.
After selecting your desired currencies, you will see a list of events displayed in the calendar.
There are two key figures in the table, which are the ‘Actual’ and ‘Forecast’ numbers. A significant difference between the two numbers indicates that there might be some volatility in the chart of the related trading instruments. Generally, volatility rises 15 minutes before the event and calms down 15 minutes after the event.
Yes, you can customize the economic calendar by selecting your preferred trading currencies from a dropdown list. You can tailor the economic calendar to highlight events and announcements that are most relevant to your market interests. This customization allows you to focus on significant economic indicators, GDP announcements, and other major events that could impact the financial instruments you trade. The economic calendar is dynamic, adjusting the number of instruments displayed based on the upcoming market-moving news.
