The Forex Factory calendar changes frequently to reflect the latest information. For the most up to date calendar, please visit blogger.com Forex Factory takes no responsibility for decisions based on this information, please see our terms of service at blogger.com 6/25/ · This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Economic Calendar. This calendar provides events for countries including data releases for economic indicators, actual values, consensus figures and proprietary forecasts 6/24/ · FXStreet’s real-time Economic Calendar covers economic events and indicators from all over the world with: events from 42 countries Automated refresh when data is released
Explaining the Economic Calendar - Interpreting the News
You know fundamental analysis is important in forex trading. However, to profit from economic news releases, you need to know what is happening and when. At first glance, these calendars seem pretty easy to interpret, but when you start digging in, you might find some things a little confusing. Plus, all the top forex broker sites we recommend offer their own calendars, so make sure to sign up now. Broker Min Deposit Bonus Rating More FOREX.
Trade Now, economic calendar forex xml. Hello again, this is topratedforexbrokers. com, and we continue our trading academy project with one of the most important things in fundamental analysis and in FX trading.
This is the economic calendar. This is the reason why the Forex market moves. This is the Forex Factory which I have nothing to do with, it only represents a free way to look at the economic calendar. You can not be taken by surprise by these events. So by the time that you select the date here, note to voiceover — he circles the date Friday, September the 29th. You can also select the time here circles 1am.
Then you have the currency from the currency dashboard. This is the currency that will be affected by the economic news. Look at the Japanese yen for this year. The housing starts and housing dealing, in general, is a very important economic release. Therefore it tells us a lot about the health of the housing market, of the construction sector and all the vertical and horizontal industries that develop in relation and so on.
We also have German retail sales that will affect the Euro or the nationwide HPI, and this will affect the GBP and so on. If you do not know what the economic news means or how to interpret it, this is not a problem; you do not need to have a PhD in Economics or anything else. For example. Nationwide HPI in the United Kingdom. What is this? This is the nationwide building society it measures the change in selling price in homes for Mortgages backed by Nationwide.
Ahead of an economic event, you have these three columns. This is the previous release. So in the previous month, the release was minus 0, economic calendar forex xml.
They ask economists in various companies about the state of the business and they can then forecast a value. So when compared with minus 0. What does this mean?
Step back and go to the video explaining the terminology in FX trading. Good for currency means Bullish. What does that mean? Bullish means we want to go long, and we want to buy GBP.
Against what? A different currency that you may consider weaker. When you compare minus 0. The fundamental elements are sound for the higher GBP. You might think this is rubbish, but it is not. The economic calendar tells you in advance, the importance or the impact of specific economic news; There is a colour code here. scrolls down the economic column.
This is third-gear data. The news in Red are the ones that truly move the economic calendar forex xml. In the previous month, it was minus And not to mention the final GDP and so on and all repercussions against it. Let me show you the Economic News, economic calendar forex xml. The FOMC federal open market committee member Harker, gives a speech. The FOMC members vote the interest rates on world reserve currency. This interest rate is everything for the FX market.
It may move the market, or it may move the dollar. It is highlighted here with the orange colour which is fairly important, so it matters for the overall FX market. Manufacturing PMI is like the ISM manufacturing in the United States or the non-manufacturing ISM in the United States. The previous data is And then, when the actual comes, we can trade.
A very good question here would be. Who cares? Because we can not trade the Chinese Yuan. This is true. That demand influences other major currencies that economic calendar forex xml can trade.
If China sneezes, the entire Australian economy will catch a cold. I can guarantee you that if this data, for example hovers over Concrete details regarding the most economic data. I wanted to better explain how to read the economic calendar and why the Red news is the one that matters. Economic calendar forex xml financial markets in general, economic calendar forex xml, and the Forex market in particular, is subject to paying attention to detail, economic calendar forex xml, both from a technical and a fundamental point of view.
It is said that technical economic calendar forex xml shows the direction in which price is moving, while fundamental analysis shows the reason s the price is moving. These reasons are mostly economic events or news items that are economic calendar forex xml in advance, and therefore traders can adapt to their release, adjust portfolio, strategiesetc. This calendar is available for free, and can be found with a simple Internet search.
Most of the Forex brokers offer it on their websites as well, as there is no secret as to what economic news will be released and when. The news that is making the economic calendar is known in advance and is repeated over and over again.
Some of it is released monthly, economic calendar forex xml, and some on a quarterly or even yearly basis, and it refers to a specific economy. After all, trading the Forex market means buying or selling a currency pair, and the currency reflects the strengths or the weaknesses of an economy, economic calendar forex xml. As a rule of thumb, the stronger an economy is, the stronger the currency should be. This is an understatement though, as monetary policy is a bit more complicated than that.
Speaking of monetary policy, all the economic news that economic calendar forex xml releasedand can be seen on the economic calendar, is constantly watched and monitored by central banks before they set the tools that define the monetary policy.
Based on this monitoring, interest rates are set. The economic calendar looks like the picture below. This is the basic information that is offered by default when the calendar is accessed for the first time. Obviously, the first column represents the date or the period under consideration. In the example above, this is a Tuesday, the 22nd of November. Moving forward on the right side of it, there is the time column. These are the exact moments of time during the trading day at which the news is released.
Because of the high-frequency trading that governs economic calendar forex xml way markets are moving these days, the time the news is released is extremely accurate, economic calendar forex xml, by the second. In the picture above, the time is set based on North American input, but it can be changed to display any timezone. If you pick the news on the column, the Core Retail Sales in Canada, it will be released at in the morning, US Eastern Time.
The next column shows the currency the news is referring to, and the currency that is most likely to be affected by the news. The currency, as stated earlier in this article, represents an economy, so the news refers to that specific economy. are aware that this news will impact the currency pair, and the market will move more aggressively than it did prior to the news being released. This code comes in three colours:. The next column shows the name of the actual news that is released.
The Detail column is extremely important. By clicking the box that appears in that column, a new window will open with a description of the news.
This description will briefly state what the news is about, how a currency should react based on it, and other relevant data. Following the Detail column, there are three others that highlight the following sets of data: actual, forecast, and previous. As the name suggests, actual refers to the actual value of the data that is released. The forecasted value is based on an estimate that is deducted from a poll. Economists are interviewed and asked to state the forecast for that data based on various factors, and the average is posted in that column.
The actual data refers to the value that is about to be released. It goes without saying that the market will react strongly when the actual data differs from the forecasted data.
How to Trade the Forex Economic Calendar
, time: 13:27Economic Calendar | Myfxbook
5/12/ · This is the economic calendar. This is the reason why the Forex market moves. This is the Forex Factory which I have nothing to do with, it only represents a free way to look at the economic calendar. () But as a matter of fact, you can simply google the economic calendar, and you will find out that it is offered by various other websites Forex Update: As of , these are your best and worst performers based on the London trading schedule: ����NZD: % ����AUD: % ����EUR: % ����JPY: % ����GBP: 0 The ForexLive economic calendar can help you get a better perspective on forex news events that could impact your trading. Economic data indicators and mood sentiment change often so stay informed
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