17 maj How to Read a Forex Economic Calendar

Big news events can, and often do, cause big swings with a single movement going several percent in one direction. From December 19th, 2022, this website is no longer intended for residents of the United States. The trade balance between the two countries states how much demand and supply are between them. So, if the demand is higher for one country’s goods and services, that country’s currency would appreciate it.

If a bar is red and lengthy, traders know it contains news that will likely affect the foreign exchange market. As you will see, the DailyFX economic calendar includes a range of features to improve your experience – making it easier to plan and prioritize. These include close to real-time updates, customized settings for each user, and a more comprehensive view of individual economic data releases. DailyFX also offers free trading webinars to help you plan around major news releases. An economy’s total or overall economy is impacted by various events that tend to change rapidly. Online forex calendars are quickly updated to reflect such changes on a real-time basis, which eventually helps traders decide their trades.

United States Economic calendar

For many, that will be information overload, so you may want to customize the look. Bitcoin price undid Grayscale gains after the US Securities and Exchange Commission (SEC) has decided to postpone its spot Bitcoin Exchange-Traded Fund (ETF) decision on eight applications. The most aggressive rate hike cycle in decades will no doubt take its toll. We’re more concerned about the US, where a tightening in lending standards post-banking crisis is likely to trigger more noticeable weakness in hiring and investment. Gold price stays in positive territory above $1,920 but finds it hard to extend its rebound. The benchmark 10-year US Treasury bond yield holds steady above 4.2% following Thursday’s pullback, limiting XAU/USD’s volatility ahead of the weekend.

Undoubtedly, the American dollar rules the market, having ‘Reserve Currency’ in many nations. Still, other national events of different countries also impact this arena. Such events have gigantic effects on the currency market, even though the ruling currency is the dollar. Today represents the last day for Fed officials to provide an opinion on policy matters ahead of the media blackout period beginning tomorrow. His colleague John Williams pointed to a more balanced labour market and slowing wage growth as signs that current policy is having an effect but reiterated that more data is still to come (US CPI next week). Learn more about using news and events to trade forex and improve your knowledge of how fundamentals move currency prices.

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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. A forex trader needs daily fx economic calendar to know three essential aspects of data given on the forex calendar in the forex market. Those three factors are the preceding period, the current period, and the analysts’ estimation of any specific data.

Therefore, it would impact the overall economy of that nation negatively. With Citigroup’s economic surprise index remaining elevated compared to its peers, the US appears likely to see further surprises to the upside which bodes well for the US dollar. The US 10-year treasury yield has also pressured gold this week and despite a late dip, appears set to record a weekly advance – weighing on gold. Risk is the difference between your entry price and stop loss price, multiplied by the position size. Overbought DXY and oversold EUR/USD for the past 2 months traded maximum at 150 pip ranges for each of the prior 8 weeks. Spot market EUR/USD Futures contracts since July traded 2-day highs at 300,000 contracts and a fairly normal 150,000 to 200,000 per day contracts.

The forex calendar also helps traders know how much volatility would be triggered by this prospect’s event or report release. Many global events affect the financial markets, whether t, equity or commodity. Using and learning how to trade an economic calendar is e, even if you use essential fundamental or technical analysis tools.

According to the latest data, inflation in both the euro area and the US is mainly driven by its core component and thus, at first glance, by demand. Supply factors are also at work through the spillover effects of the shock on energy and commodity prices and food inflation. Take advantage of forex intraday seasonality via our Asia RSI Trading system, view archived webinar. Brokers and market makers offer FXStreet’s calendar to their clients as a tool to trade. Gold continues to reflect a considerable negative correlation with USD and US treasury bond yields in a week that may pose little challenge to the greenback’s recent gains.

Gold has respected the $1915 level of support and currently trades marginally above the 200-day simple moving average (SMA). Gold’s shorter-term direction is likely to remain sensitive to incoming data as the Fed gets closer to reaching peak rates, assuming we aren’t already there. If CPI posts a beat to the upside, markets may to look more favourably towards the possibility of that final 25-bps hike before the Fed is likely to reach its interest rate peak. The opposite holds the same logic where a lower print reduced the urgency to restrict financial conditions further, providing temporary relief for gold. Our trading charts provide a complete picture of live currency, stocks and commodities price movements and underpin successful technical analysis. Identify patterns and trends and respond to price action more effectively by typing in your chosen asset and applying moving averages, Bollinger Bands and other technical indicators to enhance your trading.

What is an economic calendar?

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. Economic reports are the main essence behind each precise move for a forex trader, and forex calendars are a medium for getting such reports and valuable information.

The nation’s flag from where the data originated appears next to its currency symbol. To check what currencies may be impacted today or in the following days, you may do a fast search. The euro tries to defy a break below https://g-markets.net/ 1.07 as euro area economic data continues to paint a bleak picture. It can also be helpful to understand the differences between Fundamental and Technical Analysis in forex trading, and how to apply them to your trades.

• This is because upcoming events have a good chance of affecting the various financial markets, such as forex, stocks, bonds, and commodities.
• An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released in major economies.
• Next week Wednesday is the big one where we get further insight into US inflation a week before the Fed meeting.
• The calendar page will immediately reload once new information is available to ensure you don’t miss any critical updates.
• His colleague John Williams pointed to a more balanced labour market and slowing wage growth as signs that current policy is having an effect but reiterated that more data is still to come (US CPI next week).

Using DailyFX.com, traders can view all of the top economic news releases sorted by importance and currency pair. It is little surprise to note that the calendar is consistently one of our most popular pages. If you place your cursor over these numbers, it will tell you which economic news event occurred at that time or will occur in the future. By default, Green numbers indicate that the economic data release was better than expected or is expected to improve in the future.

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Content distribution platform LBRY said late Thursday that it has filed a notice of appeal against a recent ruling that declared the LBC token as an unregistered security. Gold Price prods the lower end of the short-term trading range while fading the bearish bias after five-day losing streak. That said, the XAU/USD remains within a strong trading range between $1,935 and $1,915 despite falling in recent days.

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. For more on technical analysis and how to use our free trading charts to trade forex and other assets, see our top 3 technical analysis charts for trading. Generally, a country with a significant trade deficit is said to have high volumes of imports of international goods or services. As a result, such a nation would have to sell its currency to purchase that other nation’s currency in the global market to balance the trade deficit.

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Our economic calendar showcases relevant events to help you trade these markets too. You can also dig deeper into global financial trends and events with our latest news and analysis articles. Because foreign exchange trading involves the simultaneous purchase of one currency and the sale of another, the Economic Calendar allows you to evaluate and contrast the economies driving each currency. Events on the calendar are given a “low,” “medium,” or “high” grade based on the expected degree of influence they will have on the market.

An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released in major economies. Such events might include familiar indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report. Further, in today’s environment of fiscal cliffs and central bank intervention, it can be very helpful to know the date of the next central bank meeting or major news announcement. The economic calendar is just another trigger in the overall trader’s strategy.

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The volatility factors enter here; based on that; the leading indicators can be separated into three groups based on their impact. They have a more substantial influence on the market as they are sensitive. A light grey horizontal line shows you where we stand at the moment and below that line go all upcoming data.