About the Economic Calendar
The Economic Calendar is a tool that helps traders to monitor and analyze market-moving events, and predict further price movements. It highlights upcoming national and international news around the world in chronological order by date.
These major events can have a high impact on the financial markets and are usually announced or released in reports. Examples of such events include monetary policy decisions, economic indicators, Gross Domestic Product (GDP) announcements, Non-Farm Payrolls (NFP) numbers, interest rate decisions, and more.
We notify traders before upcoming events, news, and data releases to keep them informed of the time and instruments that may be affected. You can find these notifications under the"Mailbox" tab on your trading platform. Please keep in mind that the impact of economic news and indicators can differ for each instrument.
Why you should use the Economic Calendar
The Economic Calendar is indispensable if you want to keep track of upcoming news, reports and announcements at a glance.
The events may highly impact the volatility of forex currency pairs, stocks and other markets. Thus, traders often use the calendar to plan their trades and stay informed on chart patterns and indicators that may be affected by the events.
Since the events could significantly drive price movements during the time of publication, it’s a good practice to refer to the calendar before the trading day.
How to use the Economic Calendar
You can customize your view by selecting multiple trading instruments from the Symbols dropdown list.
It should be noted that the number of trading instruments in the calendar changes dynamically, and depends on the number of upcoming events and news.
How to read the Economic Calendar
After selecting your desired instruments, 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.
