On this page you can find our forex calendar and find out how to use it. Keep reading to find out key dates, events and announcements to watch out for in the forex market, and learn about why you might want to use a forex calendar.
What is a forex calendar?
It’s simply a calendar that helps you track the most important news in the forex market. It contains the times at which key economic data is released in different countries and assesses how significantly it might affect the value of their currency.
Key economic data means scheduled reports from governments or central banks. It’s made up of many different things but can include changes to the interest rate, retail sales data, manufacturing performance, and consumer confidence. Anything that is a review of recent performance or a projection of how things might change in the future.
The economic calendar focuses on news from the major forex markets. That means that US data usually features prominently, as any factor that affects the US Dollar has an impact on all the other major forex pairs as well. Anyone who wants to trade AUD, CAD, CHF, EUR, GBP, JPY, or NZD is likely to pay attention to the US data.
How does the calendar work?
It lists the key details of each piece of news alongside a prediction for how much impact it’s likely to have on a particular currency. Ahead of time, there is a forecast of what the results of the data release could be which you can use as a guide to try to predict how the price might react.
For events in the past, the actual results are included next to the forecast. That way, you can assess how accurate the calendar is and compare how much impact the real results had compared to your predictions. Generally, when the actual results differ from the forecast you can expect a currency price to become more volatile.
Why should I use one?
Usually it’s because you want to trade currency pairs based on fundamental factors. That means taking into account broader economic trends, rather than basing your decisions on your analysis of price charts alone.
An economic calendar is the best way to stay on top of all the most important fundamental news in one place. Rather than having to trawl around doing the research yourself, it’s a one-stop shop where you can find everything that’s important to any currency you’re thinking of putting your money into.
Where can I learn more about forex?
Here at Invezz we have everything you need. You can find out more about trading forex, which forex brokers are highly rated, get the latest forex news from the markets, gain insights from top forex signal providers, or take a forex trading course for beginners.
More forex guides
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