Current Economic Events & Forex News Calendar​

Why you should track Current Economic Events & Forex News Calendar?

In order to reduce risk when trading Forex markets, you need to follow most important events/news announcements such as Gross Domestic Product (GDP) data changes as well as Purchasing Manager’s Index (PMI), Initial Jobless Claims, Unemployment rate, Consumer Confidence Index as they generally reflect the overall situation in the economy.

Therefore, the Current Economic Events & Forex News Calendar is a must-have tool that needs to be checked daily in order to be prepared for a sudden increase in either short-term volatility or general mid to long-term market direction.

How to use it?

For the best overview of the situation, it is best to check upcoming news week ahead, however, the tool allows you to customize a specific timeframe that you are interested in in order to suit your personal trading style.

Customize it by selecting the time zone impact, currencies, and their type as seen in the toolbar below:

One of the best options is to filter by regions or specific countries to filter out less relevant information:

Once done, apply settings and you can have a much clearer picture of what the situation is in the specific markets you are interested in.

Now you can see all the relevant information related to the Country and Currency you have selected.

The information available from left to right includes:

• Local Time according to your timezone.
• Country-based on what has been previously selected in the filter list.
• Currency is based on what has been previously selected in the filter list.
• Event and additional information about it with historical value available once the „i“ button is pressed
• Estimated Impact according to the importance of data released
• The actual result of the data released
• Forecasted data
• Previous data

Additionally, In-depth article on the economic calendar and how to use them is also available in our partner site.

Keep in mind that this information should also be used in addition to other tools and types of analysis such as:

• Fundamental
• Sentiment
• Technical

Read further about How to Combine Different Types of Forex Analysis

Now you should be ready to start using the Advanced forex news calendar and combine it with Forex Day Trading Strategies.