Economic calendar: US & Global economic events
What is an economic calendar?
An economic calendar is a tool used by traders to track important scheduled events related to economic data, statistics, and announcements from countries across the world that could affect financial markets. These events are typically related to macroeconomic indicators, and their release can lead to volatility in forex prices.
How to read an economic calendar
The tastyfx economic calendar contains multiple time periods (tabbed at the top) and allows you to search for any specific event. Key features for reading the economic calendar includes:
Scheduled Releases: the main feature of the economic calendar is to list upcoming dates and times for data releases such as:
- Federal Open Market Committee (FOMC) meetings
- Non-Farm Payrolls (NFP)
- Consumer Price Index (CPI), and others.
Country: each event lists the country and country flag that denotes the region reporting figures or announcements, and can be filtered in the top left of the calendar.
Impact Level: events are sorted by the potential market impact of each event, categorized as low, medium, or high importance, and can be filtered in the top left of the calendar.
Previous Data: select an event to view a chart of historical data to compare against the new release and expectations.
Actual vs. Expected Data: for events that have occurred, actual figures are published alongside analysts' expectations.
In addition to macroeconomic events, traders can view stock events including earnings, dividends, splits, and IPOs in their respective tabs.
How to use an economic calendar for forex trading
Staying informed about economic events through the calendar helps forex traders develop effective strategies and manage risk. High importance events can cause significant volatility in forex pairs, so knowing when they occur is critical for traders with open positions. Traders can also use economic events to formulate strategies and make informed speculations on the future by comparing incoming economic reports to past and expected values. By focusing on key indicators and understanding their potential impacts, traders can better navigate market movements quickly and effectively.
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GLOBAL REACH.
SIMPLIFIED.
-
80+ forex pairs
-
24/5 access
-
Spreads as low as 0.8 pips
* tastyfx does not charge commissions. tastyfx is compensated through a hedging arrangement with IG Markets Ltd.