The Economic Calendar is a key tool to identify important economic events or data releases that can move the currencies and other instruments. They list the event along with its relevancy or impact on the asset.
Why should I use it?
The economic events calendar is an important tool to use. It can give you a trading edge. Our calendar is highly reliable. You can trust it. It’s the most complete, accurate and timely economic calendar in the Forex market. We have a dedicated team of economists and journalists who update all the data 24h a day, 5 days a week.
If you are a fundamental or a news trader, it’s a must. To trade Forex through fundamental analysis, you have to check how the economies across the world are performing based on their macroeconomic data (such as GDP, employment, consumption data, inflation…), watching closely the countries of the currencies you are trading the most. Our economic calendar is your companion, a tab that is always opened on your computer. If you do not care about macroeconomics when trading, it’s still a useful tool.
How to read it?
A flag icon indicates the country of the data release, and next to it, its currency. So you can quickly scan and see what currencies might be affected today or on other days.
Shortened to “Vol.” shows the impact of the event or data on the assets. This is depicted as yellow/orange/red bars. Three red bars show the highest relevance or impact of that impact having on the asset. One yellow bar is the lowest impact. In orange, we’re just in between.
For all economic calendar indicators, you will find the Previous number: that is the data in its last release (frequency of data release is variable: it can be last month, last trimester…). For most indicators, we add a Consensus number: that is a general agreement of experts on the outcome of the number. When the Actual data is released, it’s immediately displayed at the right of the volatility indicator.
Better or worse than expected? If we had a consensus published, it comes either in green (it means the data is better than expected) or in red (worse than expected).