Economic Calendar
Why do you need An Economic Calendar?
All throughout the year in almost every major country in the world, many different events take place that can impact local and global financial markets.
These events include the government’s release of economic indicators, central bank announcements, speeches by policymakers, and other key events that can influence market sentiment and prices.
While not everything that affects financial markets is scheduled – wars, for example, there are lots of events and news releases that are regularly scheduled such as central bank announcements or key elections.
An economic calendar is an essential tool for traders, allowing them to easily keep track of significant economic events and announcements that can impact financial markets.
The Key Benefits of an Economic Calendar:
- Stay Informed: Keep up-to-date about any and all upcoming economic events and their potential impact
- Plan Ahead: Be able to plan ahead and react calmly by knowing when important economic data releases or central bank meetings are scheduled
- Manage Risk: Being aware of high-impact events allows you to manage your risk and adjust your positions ahead of potentially volatile market movements.
- Identify Trading Opportunities: As well as risks, economic events often create trading opportunities, and by planning ahead with an economic calendar traders can capitalize on these opportunities
What values can you find on the calendar?
There are lots of different types of events and values on an economic calendar, and generally you can split them into three distinct types:
High-Impact Indicators
High-impact indicators are some of the most important economic events of the year and typically include key economic data releases such as GDP growth, inflation (CPI), employment reports (NFP), central bank interest rate decisions, and monetary policy statements.
Medium-Impact Indicators
Still important but less impactful, these indicators usually include events such as retail sales, manufacturing PMI, consumer confidence, and housing data, which can still have a notable impact on the markets.
Low-Impact Indicators
Still with some impact but with much less importance, low-impact indicators can include less significant economic data releases such as trade balances, business sentiment surveys, and minor speeches by policymakers.
How will this calendar help you in trading?
Our economic calendar is filled to the brim with all the year’s most important economic events, and will serve as a vital compass for you to navigate volatile and changing financial markets.
By providing a comprehensive schedule of economic events and indicators, we equip you with the foresight needed to make informed decisions and help you plan out your trading year based on the most important economic events to come.