What is the economic calendar and how it can help you.
An economic calendar is a schedule of upcoming economic events and indicators, such as releases of key economic data, speeches by central bankers, and important announcements by corporations or governments. The calendar is usually organized by date, country, and importance of the event.
The economic calendar can help individuals and businesses stay informed about important economic events and indicators, and how they may impact the markets or the economy as a whole. It is often used by traders, investors, economists, and policymakers to make informed decisions based on the latest economic data.
For example, if an economic calendar indicates that a country’s central bank is set to announce a change in interest rates, traders may use this information to adjust their trading strategies accordingly. Similarly, if a calendar shows that a key economic indicator, such as employment or inflation, is expected to be released, policymakers may use this information to adjust their monetary or fiscal policies.
Overall, an economic calendar is a valuable tool for staying up-to-date on important economic events and indicators, and can be useful for making informed decisions about investments, trading, and policy-making.
Now we will analyze how to use the Economic calendar and what you should pay attention
1 Data – In the top part of the Economic Calendar, you can select the date.
2 Filters – In this function, you can customize (importance of the event, country of the event, and categories).
3 Time – The time when the event will occur (customize to your convenience).
4 CUR – The currency that will be affected by the news.
5 Imp – The importance of the news, assessed by the number of stars. The more stars, the more important the event.
6 Event – The name of the event.
7 Actual – The current asset indicators after the news release.
This determines whether the assets will move up or down.
8 Forecast – The forecast before the news event.
9 Previous – The previous indicator.
You can use the Economic Calendar here
