Economic Calendar
Economic Calendar by Myfxbook.com
What Is an Economic Calendar
An economic calendar is a tool that highlights key economic events. Many calendars also include vital indicators, indices, and ratings.
Choose JMarkets Economic Calendar and get access to:
- 1000+ economic events.
- 50+ countries live monitoring.
- Event impact classification.
- Customizable time zones based on your location.
We provide our clients with a regularly updated calendar powered by the help of millions of journalists worldwide. No matter what happens, we ensure you stay informed with the latest news and the most relevant data — live, 24 hours a day, 5 days a week.
What economic events include
Economic events include news releases, report publications, government statements, and other updates that can influence Forex price movements.
Here are examples of economic events:
- GDP Report Publications.
- FOMC Minutes Publication.
- Non-Farm Payrolls (NFP) Report.
- Job Openings and Labor Turnover Survey (JOLTS) Update.
- Consumer Price Index (CPI) Data.
These events vary in their level of impact. However, each of them has economic importance and is sure to affect the market and cause either a buyout or a sell-off.
Why traders need an Economic Calendar
Economics is a field of study that is significantly affected by real-world events. FX trading, which uses economic principles in practice, proves it. So, while mathematical patterns and other Price Action systems are usually reliable, they are useless when something major happens in the real world.
Economic Calendars provide data for further analysis and help to forecast the potential future direction of the Forex market. The followers of fundamental analysis mainly use them. Some FX-trading strategies, i.e., scalping, are built around using the economic calendars to predict commotion on the markets and trading to take advantage of it.
However, even if you despise the fundamental economic analysis and follow Price Action strategies, you can still use an Economic Calendar to see when the market might be affected by real-world events.