Economic Calendar

Forex Traders' Economic Calendar

By using our Economic Calendar, you can stay updated on the latest important financial events that may impact market volatility.

Governments and other institutions around the world continuously measure and report economic growth and data, making a reliable Economic Calendar a key tool for traders.

For example, when key employment data (such as the United States Non-Farm Payroll data) is released, it may cause significant volatility and spreads for currencies like Euro / Dollar. If the spread is 50 pips, then within that 50 pips range, the market will have no liquidity, and you will temporarily be unable to exit a trade or enter a new trade.

Before the economic data is released, analysts will attempt to predict the results and form a consensus. If the data is very important and there is a significant difference between the reported value and the estimated value, it may lead to high volatility.

Previous: Display the previous period's data as a reference value.

Forecast: According to the economic analysis report, forecast data is shown.

Actual: Display actual economic data; significant differences from forecasts may cause volatility.

Impact: Next to the event name, a colored icon is displayed. Red indicates a strong impact, while orange indicates a medium impact.

Trading during significant economic or geopolitical news releases can carry risks. Such news events can lead to strong volatility within seconds of their release.

User Instructions

At the beginning of a new trading week, be sure to check the impact level of each upcoming event. You can do this by looking at the icons next to the event names. Events with a strong impact are indicated by a red icon, while events with a medium impact are indicated by an orange icon. This will help you better understand the potential impact of each event on the market.

On the Economic Calendar, the "Impact" value is used to indicate the degree to which the report may affect the market. If the data released in the economic report significantly deviates from the forecasted or expected data, it may trigger sharp market volatility. However, if the data aligns with expectations, the report's impact on the market may be minimal or nonexistent. In other words, the "Impact" value is an indicator of the strength of the market's reaction to the economic report. It can help traders predict potential market reactions and formulate trading strategies based on this information.

Traders typically check the upcoming events on the Economic Calendar for two main reasons. First, they want to avoid trading during periods that may experience significant price volatility to reduce risk. Second, they aim to take advantage of market volatility to find the best entry and exit points in new or existing trades. In short, these traders are using the Economic Calendar to optimize their trading strategies and attempt to profit from market volatility.

In most Forex Economic Calendars, you will see the following important values.

Previous: Display the previous period's data as a reference value.

Forecast: According to the economic analysis report, forecast data is shown.

Actual: Display actual economic data; significant differences from forecasts may cause volatility.

Impact: Next to the event name, a colored icon is displayed. Red indicates a strong impact, while orange indicates a medium impact.