What is economic calendar and how to use it

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Economic Calendar And Why You Should Follow It

An economic calendar is something similar to a regular calendar you might have come across. When you think about the use of a calendar, people have various reasons. However, the most common reason is that it allows you to schedule to time appropriately.

For example, many people tend to use a calendar in the form of a diary to keep track of their daily appointments, holidays and any important reminders.

An economic calendar basically does the same job. However, unlike keeping track of your personal events, an economic calendar keeps track of the important events that will happen in the markets.

If you are a trader, regardless of whether you follow the fundamentals or not, it is essential to keep an eye out on the economic calendar. Without an economic calendar you are basically trading in the dark.

Sometimes, you might miss out some major trading opportunities that could have been avoided if only you followed the economic calendar. There are many different types of economic calendars.

For stock investors, an economic calendar gives details on the stock markets and the companies. For traders in forex, a forex economic calendar gives details on the economic events such as new events and so on.

What information is available with an economic calendar?

An economic calendar gives you some important information, mostly which are economic events that can eventually impact the volatility in the markets.

Have you ever taken a position where suddenly, due to a news release, the price jumps or falls sharply? The reasoning behind this is the news event that was responsible for it.

Without having an understanding about the events that will shape the day, it can get confusing for the trader.

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There are many economic calendars that are available free of cost. However, among the many, the economic calendar at ForexFactory.com is one of the most widely used and followed by the forex trading community.

The economic calendar at ForexFactory offers you daily insights into what economic news events are scheduled. This will in-turn give you an idea of what to expect during the day. Sometimes, prices can drift in anticipation of the news release and this can lead to choppy markets for you. Read here how to use the forex factory calendar to your advantage.

If you are however aware about the upcoming economic events, you would be better informed and know the reasons behind why price is behaving in a certain way.

Types of news releases in an economic calendar

Not all news releases are important. There are three main types of economic news releases.

  1. Important: These are the most important economic news releases and they always have an impact on the markets. Some examples of such important news releases can be central bank monetary policy decisions, GDP reports, unemployment data and so on.
  2. Medium: These medium news releases have an influence on the markets to a certain extent but not in its entirety. Such releases can be flash inflation estimates, surveys that are forward looking and so on.
  3. Low: The low impact news releases are basically those that the markets ignore from time to time. These low impact news releases can be details such as a regional central bank giving its outlook on the economy and so on.

Besides the above three, news releases are also classified into speeches. Speeches from central bank officials are important in the context of the present day where interest rates are so low.

Forex economic calendar – Conclusion

In conclusion, a forex economic calendar is probably the best guide you can have. It helps you to not only understand what is happening in the markets, but also keeps you on the right side of the market.

Trading without the knowledge of an economic calendar is like trading in the dark and the markets can give a nasty surprise. Avoid this and become a better-informed trader by using an economic calendar.

Использование экономического календаря для повышения прибыльности

Современный трейдер – не просто рыночный боец, он, прежде всего, серьезный аналитик с разными интересами. А для аналитика нет ничего важнее информации. Профессионального трейдера интересует практически все, что касается мировой экономики: от цен на розничные товары и выборов президентов, до военных действий и природных катаклизмов. Все, что может повлиять на финансовый рынок, нужно успеть вовремя увидеть, услышать, прочитать и проанализировать.

Экономический календарь

Именно экономический календарь рынка Форекс позволяет собрать вместе все важнейшие мировые финансовые новости практически в момент их публикации. При этом календарь не только сохраняет реальную хронологию, но и ранжирует их по степени важности и силе влияния на рынок – все, что нужно для анализа и успешных торгов на Форекс. Там же хранится история экономических данных и прогнозы аналитиков. Обычно в сети календарь публикуется перед открытием торговой недели, а выход основных регулярных данных заранее спланирован на период в несколько месяцев и постоянно корректируется в соответствии с текущей ситуацией.

Использование экономического календаря для торгов происходит примерно по такой схеме. Каждое проанонсированное экономическое событие имеет как минимум три значения: факт, прогноз и прошлое значение. Оценивается именно отклонение факта, во-первых – от аналитического прогноза, во-вторых, от прошлых данных, которые могут быть откорректированы по сравнению с моментом выхода в прошлый период.

Если прогноз по факту публикации оправдывается, то есть совпадает с расчетными (предсказанными) значениями, то реакция рынка чаще всего будет незначительной или вовсе отсутствовать. Если фактические данные отличаются от прогноза, то рынок дает резкий спекулятивный бросок, и чем больше разница, тем эта реакция сильнее. Глобальные новости: международные события, заявления и пресс-конференции ключевых фигур финансового рынка, статистические данные ведущих стран дают активную реакцию практически по всем торговым инструментам.

Если новость вышла лучше прогноза (для валюты страны выхода), то обычно рекомендуется открыть ордер на покупку (buy), если хуже прогноза – продажу (sell). Если значения совпадают (редко, но бывает!), сохраняем спокойствие и торговый нейтралитет.

Заранее зная время выхода новости, трейдер может планировать свои действия, в частности, моменты входа на рынок или закрытия позиции. Принцип “покупай на слухах, продавай на новостях” на практике означает, что рынок начинает реагировать на информацию заранее, а в момент публикации может уйти в обратную сторону, формируя спекулятивный рыночный “шип”. Все происходит в пределах нескольких минут и для малых депозитов такая ситуация крайне опасна. Экономический календарь заранее предупреждает о выходе новостей, что позволяет вовремя закрыть уже открытые позиции или, наоборот, попробовать выжать прибыль из быстрого движения, если трейдер готов к большому риску.

Каждый финансовый ресурс предлагает экономический календарь, который может отличаться оформлением, а иногда и функциональным наполнением, но существует ряд признаков, характеризуют именно качественный календарь:

. экономический календарь станет для вас полезным попутчиком на пути к прибыли.

Прежде всего, экономический календарь Форекс должен быть максимально полным, актуальным и постоянно обновляемым, то есть иметь прямой доступ к источникам новостей.

Интерфейс должен быть понятным, наглядным, функциональным, без рекламных фишек и прочих раздражающих элементов.

Программная реализация календаря должна поддерживать логическую систему разнообразных фильтров для информации с возможностью сохранения настроек в личном профиле каждого пользователя.

И в заключение, подведем итог вышеизложенного: всегда стремитесь понять что значит новость для рынка в целом и конкретно для вашего торгового инструмента, анализируйте исторические данные, учитывайте психологию рыночного поведения толпы в момент выхода новостей и тогда экономический календарь станет для вас полезным попутчиком на пути к прибыли.

Economic calendar

Get real-time event notifications at any time

PARTNER BROKERS IN YOUR LOCATION

The real-time Economic Calendar covers financial events and indicators from all over the world. It’s automatically updated when new data is released. The Real-time Economic Calendar only provides general information and it is not meant to be a trading guide. FXStreet commits to offer the most accurate contents but due to the large amount of data and the wide range of official sources, FXStreet cannot be held responsible for the eventual inaccuracies that might occur. The Real-time Economic Calendar may also be subject to change without any previous notice.

Economic indicator analysis –>

Unemployment rate jumps to 4.4% but worst is yet to come

Somehow service sector still on its feet

Oil firm, greenback extends gains

Friday’s jobs report will look far better than it really is

Another 6 million+ unemployed and stocks rally.

Economic indicator news –>

Colombia Consumer Price Index (YoY): 3.86% (March) vs 3.72%

Colombia Consumer Price Index (MoM) declined to 0.57% in March from previous 0.67%

European Monetary Union CFTC EUR NC Net Positions rose from previous €61.3K to €74.2K

Japan CFTC JPY NC Net Positions down to ¥18.3K from previous ¥23.9K

United Kingdom CFTC GBP NC Net Positions fell from previous £10.9K to £5K

What do you know about Forex rates?

FXS Signals –>

What is the Economic Calendar?

FXStreet’s real-time Economic Calendar covers economic events and indicators from all over the world with:

  • 1000 events from 42 countries
  • Automated refresh when data is released
  • Countdown (time left before release)
  • Customizable local time
  • Sound notification (can be turned off)
  • Mobile-friendly
  • Historical graph
  • Related news and reports
  • Filter (by country, date, event category, volatility impact or keyword)

WHY SHOULD I USE IT?

It’s reliable. You can trust it.

It’s the most complete, accurate and timely economic calendar of the Forex market. We have a dedicated team of economists and journalists who update all the data 24h a day, 5 days a week.

Brokers and market makers offer FXStreet’s calendar to their clients as a tool to trade.

This is a proof that it’s a trusted, respected and widely used tool.

If you are a fundamental or a news trader, it’s a must

To trade Forex through fundamental analysis, you have to check how economies over the world are doing based on their macroeconomics 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

  • Avoid bad surprises: you can check when high volatility data are expected to be released in order to better manage your trades.

EIA Crude Oil Stocks change

Nonfarm Payrolls

FED Interest Rate Decision

FOMC Minutes

ECB President Draghi’s Speech

BOE’s Governor Carney speech

ECB Interest Rate Decision

BoJ Interest Rate Decision

BoE Interest Rate Decision

Bank of Japan Governor Kuroda Speech

API Weekly Crude Oil Stock

HOW TO…

…READ IT?

All data are displayed in chronological order, divided by day. Released data are marked with a tick ( ) under the “time left” column. A light grey horizontal line shows you where we stand at the moment and below that line go all upcoming data. Time left before next release is indicated so you quickly grasp when this is coming. When a new data is released, the calendar page is automatically refreshed so you do not miss it. If you want, you can enable a sound notification for all releases.

  • Currencies

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 in some specific days.

Depicted as yellow/orange/red bars, the impact is a basic indicator of the potential move a data release might trigger on currencies. Shall a bar be red and long, market observers expect this data to have great probability to move the Forex market. Shall this bar be yellow and short, the probability is viewed as low. In orange, we’re just in between.

  • Actual/Deviation/Consensus/Previous

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). The Deviation ratio is an FXStreet exclusive calculation which measures the surprise caused by an event when the Actual data differs from the Consensus. Its number usually oscillates in an open scale between -7 and +7.

… FILTER DATA?

You might want to focus on some type of data and ignore the rest: less noise means more efficiency. Click on the button at the top of the economic calendar. You can type a keyword or select countries, dates range, event categories or impact levels. Then hit the “Apply” button. If you always need to see the same data when you come to our calendar, you can save your settings for the next visit! We said efficiency, right?

… GET MORE INFO ABOUT THE DATA

We have more to give you that just the data you see at first sight. If you click on the name of the event, that will deploy a space with more information:

  • Editor’s Notes (commentary and event previews from our editorial team, only included in the most important events)
  • Description of the event (what it is, who releases it, what it means for currencies…)
  • Link to official report (when a data has been released)
  • Link to the Dashboard page (where you will be able to see & analyze the historical data of the event and several advanced calculations on how it has impacted several major currency pairs over the years)

TRADING ECONOMIC EVENT: EXPERTS ADVICE

Big news events can, and often do, cause big swings with a single movement going several percent in one direction.

To know the events and releases better and learn different aspects that can influences or improve your trading, we collected some of the best educational articles, reports and videos about news trading. Check them out!

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