Economic calendars
What are economic calendars?
An economic calendar shows you a broad overview of events of importance that could affect asset prices and exchange rates. They might include important announcements or the publication of important developments in the financial markets. Many items in the economic calendar are scheduled events. Therefore, it is important you keep paying attention to these events nonstop and make sure you choose the correct source or provider of economic calendars.
If you are trading in the forex market, it is of massive importance that you know how to read an economic calendar. To maximize a positive trading journey, it is vital you keep an eye on the most important releases and international evens on the calendar. Checking different economic calendars should practically be one of those actions items you should complete before starting your trading day.
When looking at calendars, it is often possible to apply several filters. You can apply a daily, weekly or even monthly filter to ensure you keep up to date on the most important events. After you apply a desired filter, you can scroll down a calendar and choose any event that could be related to your current trading activity.
In terms of filters, it might also be possible to use search entries. These entries can also be related to what you are currently trading and provide you with proper insights.
Categories
Some calendars also might provide you with categories on which you can filter your search. The categories vary from Holidays, Inflation, Interest rates, economic activity, central banks, capital flows, bond auction and more. The most impactful financial events that could move the markets monthly can be found below.
US Non-farm Payrolls (NFP)
Retail Sales
Unemployment rates
Consumer price index (CPI) or inflation
Employment indicators
EIA crude oil inventory
Central bank rate decisions
Consumer confidence index
Trade balances
ISM data
Durable goods orders
New home sales
Existing home sales
OPEC meetingsOPEC meetings
Although it is logical you should pay attention to as many events as possible, the events with most significant value are:
US Non-farm Payrolls (NFP)
Durable goods orders
Retail Sales
Consumer price index (CPI) or inflation
Central bank rate decisions
What are the benefits of using a economic calendar?
Economical calendars are an extremely helpful resource without downsides. They provide accurate information and traders of all levels use them. LBC highly advises you to make use of these calendars in order to make your trading journey better and easier. We update them automatically to deliver key indicators organized by importance.
If you have questions about economic calendars or their usage, please do no hesitate and feel free to contact us.
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