The economic calendar brings together major upcoming macroeconomic events and indicatorsJulius Conley 26 / April / 22 Visitors: 385
The economic calendar brings together the main upcoming macroeconomic events and indicators that have an impact on the Forex market, bond markets, treasury bonds, commodities and much more.
The economic calendar informs us about their release dates and times, their previous value, expected value, expected impact on the market, current effect and many other relevant information.
The economic calendar is updated in real time, which allows you to track how data is published in real time at the time of publication.
How to use the economic calendar.
The economic calendar brings together the main macroeconomic indicators affecting the foreign exchange market (FOREX) and informs us about their release dates and times, their previous value, expected value, expected impact on the market, current effect and much more.relevant information.
Thus, the economic calendar is an important tool for traders in markets like Forex, bond markets, Treasury bonds, commodity bonds and much more.
Here are the main points of observation that need to be performed in the economic calendar.
The time of nightfall.
The time of the fall displayed in the economic calendar is the time when economic data related to the event will be released. The time zone can be adjusted according to the calendar depending on the country of your residence.
The corresponding country and currency.
The second information provided by the economic calendar is the country (region) and currency that are affected by the upcoming event.
Gradation of the level of importance of a macroeconomic event.
An event with one bullish head usually has less impact on the markets than an event with three bullish heads. The example below demonstrates the gradation of the importance of the event by the number of bull heads.
Since the importance of the report on new monthly vacancies in the United States is much higher than the opportunity utilization rate, three bullheads will be shown at this event, and only one at the second.
A macroeconomic event.
By clicking on the title, you will get a description and various information about the event.
Positive and negative results.
Positive results for the currency are displayed in green, and negative results are displayed in red to get an instant idea of the possible effects of economic events on the markets.
The "previous" column shows the latest data published for this indicator. In the example below, the consumer price index in Europe was 1.2%.
The "expected" value is the consensus of analysts' forecasts for the upcoming publication. There will be a gap between consensus and current data.
The Current Figure.
The value "current" is the data that has just been published. The further the current value is from the expected one, the stronger the impact on the markets as a whole will be.
Although technical factors usually prevail in financial markets these days, fundamental factors change the situation when making important decisions and publishing important data. Therefore, it is necessary to regularly check the economic calendar to get an idea of the upcoming macroeconomic factors and their impact on the markets.