FOREX ECONOMIC CALENDAR

Utilize our forex economic calendar featuring rapid real-time data streaming to stay informed about crucial upcoming economic events that could influence market volatility.

Governments and various sectors worldwide continually evaluate and disclose economic growth and data. A dependable economic calendar ranks among a trader’s essential resources.

Major currency pairs like GBP/USD may experience substantial fluctuations following significant employment data releases such as the US Non-farm payrolls. These fluctuations can result in substantial price gaps. For instance, a 50-pip gap implies a range lacking liquidity, making it impossible to execute trades momentarily.

Engaging in trades during major economic or geopolitical news releases entails risks.

These events can trigger high volatility within seconds.

Prior to economic data releases, analysts attempt to forecast the outcomes, leading to the formation of a consensus estimate. If the reported data significantly diverges from these estimates, it can lead to substantial volatility. A forex economic calendar, equipped with rapid streaming data, proves indispensable in assessing the likelihood of price spikes.

Learn how to effectively use the Forex Economic Calendar. At the onset of each trading week, consult the economic calendar to identify upcoming high and medium impact events, indicated by specific impact icons. High impact events are marked with red icons, while medium impact events are marked with orange icons.

The “Impact” rating on the calendar denotes the potential influence of a report on the market. If the released data substantially differs from forecasts or expectations, its impact is likely realized. Conversely, if the data aligns with expectations, the report may exert minimal or no influence.

Traders typically refer to the economic calendar for two primary reasons: to avoid open trades during potentially volatile periods and to leverage volatility for identifying favorable entry and exit points in new or existing trades.

Key features commonly displayed on most forex economic calendars include:

Previous Month Value: Reflects the outcomes of the previous month, which may change due to occasional adjustments, potentially sparking volatility.
Forecast or Consensus Value: Indicates the forecast based on a consensus among economic analysts.
Actual Value: Displays the actual report value, potentially causing volatility if it significantly deviates from the forecast.
Impact: The potential impact magnitude of a report is represented by a colored icon adjacent to the event name, with red indicating high impact and orange indicating medium impact.