High-impact releases bring high volatility to the markets. As traders, it is important
to know when those announcements occur so they do not surprise you.
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FAQ
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A forex economic calendar is a tool used by traders to track important economic events and indicators that may impact currency prices. It includes dates, times, and details of events like interest rate decisions, employment reports, and GDP releases, helping traders make informed trading decisions based on potential market impact.
By monitoring the calendar, traders can anticipate market movements and adjust their trading strategies accordingly. They analyze the expected impact of each event on currency pairs and may enter or exit positions based on their predictions. Additionally, traders use the calendar to manage risk by avoiding trading during high-impact events or adjusting their position sizes to account for potential volatility. Overall, the economic calendar helps traders make informed decisions and stay ahead of market movements in the forex market.
Select the day you want to see the news for. Be specially aware of the high-impact news as they tend to bring volatility to related currencies. During these events, slippage is expected to happen so make sure to adjust risk accordingly.
Trading with an economic calendar involves using the information provided to anticipate market movements and adjust your trading strategy accordingly.