The economic calendar is an investor’s tool to track market-moving events, such as announcements of economic indicators and monetary policy decisions. Market-moving events are usually announced before they take place and have a high probability of affecting financial markets. Investors can use the calendar to determine which events they should watch, and when they should buy or sell.
The calendar has multiple layout options and a category selection feature, allowing traders to customize their view by filtering events by category or likely impact on the market. For instance, the global view shows major economic indicators for 34 countries, including interest rates, inflation rates, unemployment rates, GDP, and consumer confidence data. You can also customise your calendar by showing more or less data for each event.
The United States releases GDP data each quarter, allowing investors to track the US economy’s performance. The GDP growth rate is one of the most important economic indicators because it can affect market behavior. Governments, international organizations, and private research firms release economic indicators on a regular basis. In addition, central banks hold several meetings each year to discuss current market conditions and make decisions about monetary policy.
An economic calendar is a helpful tool for traders and investors to monitor upcoming important events in the market. It helps investors plan their trades and reallocation of their portfolios. Many financial websites offer a free economic calendar for many countries. Once you’ve downloaded an economic calendar, you can plan your trades based on the important events on it.
The economic calendar provides real-time updates on trends and news that affect the economy. It is an essential tool for business professionals, economists, and traders. It provides insight into market potential and can help traders identify excellent entry and exit points. If you’re looking to enter a volatile market, an economic calendar is an invaluable tool.
An economic calendar can be easily customized by visiting the websites of government agencies responsible for affecting the market. Depending on which website you’re using, the calendar will have different events listed. Typically, an economic calendar lists events in the United States that have a major impact on the market. However, you can also customize it by filtering the events on different websites. If you want a more specialized economic calendar, you can build one yourself by visiting economic websites that focus on your specific region.
There are many economic events that affect forex markets each day. For example, the consumer price index (CPI) or the non-farm payroll data will have a significant effect on the US currency. If these events are better than expected, the central bank will probably raise interest rates, pushing the dollar higher. Another event you can track is OIL Inventories. This data is released every Wednesday at 10:30 EST. If the inventories of crude oil drop below expectations, it indicates that demand for the commodity will increase.
As a technical trader, understanding the major economic releases is essential. You can use these announcements as triggers for long and short trades. However, you should avoid triggering trades during negative events as these can make you lose more money than you invested. By identifying key economic events, you’ll be able to avoid these risks and focus on other aspects of your trading strategy. This way, you can take advantage of the positive effects of the news, while avoiding a potentially bad situation.
An economic calendar is a good tool to monitor global markets. Its keyword search bar allows you to search for specific topics or markets. For example, searching for ‘inflation’ would highlight all the countries that have CPI-related events. There’s also a country section that lets you select up to 43 countries and only see the economic events from those countries. Another useful feature is the volatility slide bar, which allows you to select the volatility level of the selected countries.