How to Read a Forex Economic Calendar

Because of the market’s heightened volatility, it is essential to keep in mind that trading around news events might result in significant slippage in a position. Be cautious about limiting your risk and steering clear of overexposure and excessive leverage! Avoid making the same errors in trading that other unsuccessful traders have made. No matter what period you trade on, it would help if you made it a habit to check the forthcoming events on the calendar every day.

Gold’s shorter-term direction is likely to remain sensitive to incoming data as the Fed gets closer to reaching peak rates, assuming we aren’t already there. If CPI posts a beat to the upside, markets may to look more favourably towards the possibility of that final 25-bps hike before the Fed is likely to reach its interest rate peak. The opposite holds the same logic where a lower print reduced the urgency to restrict financial conditions further, providing temporary relief for gold. Most forex traders use the forex calendar and develop their trading patterns with its easy usability.

ATFX Forex Economic Calendar

You can also dig deeper into global financial trends and events with our latest news and analysis articles. Forex calendar is also helpful for traders that are involved in short selling. For example, if you are aware of an economic event that will prove negative for a nation, you can sell that currency in the forex market to take advantage.

That said, the XAU/USD remains within a strong trading range between $1,935 and $1,915 despite falling in recent days. Gold price stays in positive territory above $1,920 but finds it hard to extend its rebound. The benchmark 10-year US Treasury bond yield holds steady above 4.2% following Thursday’s pullback, limiting XAU/USD’s volatility ahead of the weekend. In default mode, the calendar will show you every piece of economic news coming out of the major economies.

US Dollar takes a step back as traders lock in weekly gains

Forex economic calendar represents a time Table with a list of major economic events during the week. Event risk refers to anything that has the potential to influence markets but that cannot be predicted in daily fx calendar advance. Please use the presented economic calendar to track significant news events and economic data releases that have the potential to shake up the financial markets and have an effect on your trading.

Forex traders need to use a forex calendar to map important events that can change forex market prices in a tight time frame. For example, Forex fundamental announcements calendar or the forex news calendar can sometimes influence the market for several days, weeks, or months. Forex news calendars must always be adjusted to the trader’s current preference. A calendar https://g-markets.net/ needs to be filtered by date (pick day or week), filtered by currency (if you want EURUSD, then pick EUR and USD), and purified by impact news (low, medium, high). In addition, the Forex calendar needs to be adjusted by preferred time (usually, traders pick a local time). High-impact news can influence the forex market, and these events must be observed.

Below are the main upcoming economic events and data releases, viewable with our ATFX live Forex news calendar. The items are automatically updated to provide you with the latest information that could effect products that you trade. Furthermore, if you’ve missed an item (or two), check the history of the forex news calendar to see all previous events and how they may have effected your trading products.

Rising US yields continue to offer more support for the USD

Big news events can, and often do, cause big swings with a single movement going several percent in one direction. The euro tries to defy a break below 1.07 as euro area economic data continues to paint a bleak picture. From December 19th, 2022, this website is no longer intended for residents of the United States. With Citigroup’s economic surprise index remaining elevated compared to its peers, the US appears likely to see further surprises to the upside which bodes well for the US dollar. The US 10-year treasury yield has also pressured gold this week and despite a late dip, appears set to record a weekly advance – weighing on gold. The Bank of England, led by Governor Andrew Bailey, keeps an eye on the economic climate in the United Kingdom, the world’s sixth-largest economy.

• Our forex economic calendar is fully customizable, helping you keep track of the exact data you’re interested in.
• Our trading charts provide a complete picture of live currency, stocks and commodities price movements and underpin successful technical analysis.
• Content distribution platform LBRY said late Thursday that it has filed a notice of appeal against a recent ruling that declared the LBC token as an unregistered security.
• Further, in today’s environment of fiscal cliffs and central bank intervention, it can be very helpful to know the date of the next central bank meeting or major news announcement.
• Being updated with significant economic events can have substantial effects even for long-term investors.

It would help you know when to enter and exit the market to feel the most advantageous and control your losses. If any, you must synchronize your trading pattern with the economic moves or events and trade that information at the right time. Conditions in the market might become turbulent due to high-impact occurrences, particularly in the foreign exchange market. Be aware of any forthcoming economic data releases or events that might result in unexpected volatility and adversely influence your trading, such as any open positions you may have. With time, you’ll be able to fine-tune your trading technique to benefit from the forex economic calendar and be up to date with the latest live events occurring around the globe. Even though forex or economic calendars’ usage or importance is not underrated, many forex traders still are unaware of utilizing it for the best.

European Central Bank (ECB)

To predict such moves, you also need to have enough skills to implement that at the correct time. Meeting dates are sorted by bank and also by month, helping you plan your strategies around the key monetary policy and central bank interest rate announcements that can move currency pairs. Also in this section, read news and analysis by our experts for more on how the central bank decisions influence forex. Being able to plan your trades around key economic calendar events means you can ready yourself for potential turbulence in price. When an event listed on the calendar approaches, there may be expected a period of volatility if data is released well above, below or in line with expectations. Gold has respected the $1915 level of support and currently trades marginally above the 200-day simple moving average (SMA).

We also provide a Consensus figure, which represents the average opinion of our experts about the indicator’s value. The Actual reading is updated in real-time and shown to the right of the instability gauge as soon as it becomes available. We have a public consensus that is either green (indicating that the statistics are improved than expected) or red (indicating that the data is worse than expected) (poorer than anticipated). The Aberration ratio is a unique metric developed by FXStreet that quantifies the degree to which Actual data deviates from the Consent. Gold Price (XAU/USD) struggles to defend the first daily gains in six at the lowest level in more than a week as market players seek additional clues to defend the previous bearish bias about the bullion. In doing so, the XAU/USD traders reassess the latest United States (US) data and Federal Reserve (Fed) clues amid hopes of witnessing a soft landing in the US despite higher rates.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias. The European Central Bank is headed for a crunch rate decision next week amid rising recession risks and the job on inflation not yet done. It’s going to be a big week for the US dollar as well, as the CPI and retail sales reports are due before the Fed’s September meeting. The most aggressive rate hike cycle in decades will no doubt take its toll. We’re more concerned about the US, where a tightening in lending standards post-banking crisis is likely to trigger more noticeable weakness in hiring and investment.

• These indicators typically change ahead of any gigantic or significant economic adjustment event.
• On that basis, you can take reasonable and thoughtful trades on your preferred currencies.
• The Aberration ratio is a unique metric developed by FXStreet that quantifies the degree to which Actual data deviates from the Consent.
• London, the nation’s capital, is the world’s second-biggest financial hub after New York City.
• Still, a few things will be the same in all of them, including country name, indicator name, impact or importance of the indicator, current value, future or forecast value, past value, etc.

These indicators typically change ahead of any gigantic or significant economic adjustment event. However, they change once the economic events of the pattern have already been witnessed. Bars in yellow, orange and red represent the effect, a simple measure of the possible change that a data release can have on currencies. If a bar is red and lengthy, traders know it contains news that will likely affect the foreign exchange market. As you will see, the DailyFX economic calendar includes a range of features to improve your experience – making it easier to plan and prioritize.

MULN has gained 1.7% in Friday’s premarket in sharp contrast to the leading equity indices.