How to Use the Forex Factory Calendar in 2020: The Ultimate Guide
FXCM’s Economic Calendar presents all foreseeable economic events directly to the trader, making it a powerful analytical tool for quantifying market fundamentals. As a tool for helping currency traders remain cognisant of market-impacting events, FXCM has created a detailed Economic Calendar.
More than 500 indices of the world’s largest economies are based on real-time data collected from public sources. PaxForex is a trading name of Laino Group Limited Which is Registered by (FSA) Financial Services Authority in St.Vincent & the Grenadines Registration Number IBC , Cedar Hill Crest, Villa Kingstown. Real-Time Economic Events Calendar will allow you to select only the desired events in the economic life of the world and sort them by importance and possible impact on the exchange rate of a currency. You will be able to be fully informed about economic life that will prevent large losses in the market. A monthly report released by the US Department of Labor that provides statistical data about the current state of the US labor market.
This will help you not only follow a wide range of major economic events that continuously move the market but also make the right investment decisions. Because market reactions to global economic events are very quick, you will find it useful to know the time of such upcoming events and adapt your trading strategies accordingly. The XM economic calendar provides useful information on upcoming macroeconomic events by means of pre-scheduled news announcements and government reports on economic indicators that influence the financial markets.
The Manufacturing BSI released by the Bank of Korea shows the opinion of manufacturing executives regarding production expectations, order books and finished goods inventories. A high reading is seen as positive (or bullish) for the Korean Won, while a low reading is seen as negative (or bearish). As those durable products often involve large investments they are sensitive to the US economic situation. Generally speaking, a high reading is bullish for the USD, while a low reading is seen as Bearish.
The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized is a gross measure of market activity because it indicates the pace at which a country’s economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative. The Unemployment Rate released by the Hungarian Central Statistical Office,is the number of unemployed workers divided by the total civilian labor force.
The Business Confidence released by the ANZ shows the business outlook in New Zealand. The Business Confidence allows analysis of economic situation in the short term. Increasing numbers indicates https://en.forexrobotron.info/germany-plans-to-create-a-shadow-budget-forex/ increases in business investment that lead to higher levels of output. Thus, a high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative (or bearish).
The Jobless Rate released by INEGI is the number of unemployed workers compared to all the active workers in the economy. If https://en.forexrobotron.info/ the number rises, it indicates a lack of expansion within the Mexican labor market and thus a weakening in the economy.
If the rate is up, it indicates a lack of expansion within the Polish labor market. Normally, a decrease in the figure is seen as positive (or bullish) for the Polish Zloty, while an increase is seen as negative (or bearish). The Gross Domestic Product released by the Statistisches Bundesamt Deutschland is a measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health. A high reading or a better than expected number has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).
By having the release schedule for each economic indicator, a trader can anticipate when major movements will happen. Furthermore, the big market reaction can occur even despite prior data of scheduled economic events. For example, the ECB decides on the invariability of interest rates, and, as a result, the euro will rise significantly. To be sure of your Forex trading strategy, you should pay attention to PaxForex fundamental and technical analysis, which is published on a daily basis.
- It indicates the performance of the overall French economy from a short-term perspective.
- If the rate is up, it indicates a lack of expansion within the Finnish labor market.
- Events that may have a market impact are marked as “Medium” and usually have a yellow dot or yellow star beside the event.
- Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative, or bearish.
- The Central Bank Reserves released by The Central Bank of the Russian Federation present reserves in foreign currency and gold The Central Bank holds.
- The Unemployment Rate released by the Central Statistical Office is the number of unemployed workers divided by the total civilian labor force.
No open positions ahead of a news event
Since the service sector accounts for roughly two thirds of total Euro-zone GDP, Services Confidence provides an important confirmation of the health for the overall economy. High levels of Services Confidence suggest future upward trends for production and employment. The figure is determined by the difference between positive and negative answers. Therefore a headline above zero indicates positive service sector confidence, while a negative number shows negative confidence. The Business Confidence released by Statistics Portugal is a survey of the current business condition in Portugal.
In both bullish and bearish markets there are opportunities – as long as you know which one is likely to set in and what changes it will bring along. Our Calendar of economic events helps traders keep track of important financial announcements that may affect underlying economies and create price movements. All kinds of traders pay close attention to global events, as such economic calendars are one of the key tools in their fundamental arsenal.
First and foremost, the news calendar should never be used as a tool to help you enter the market. In other words, attempting to trade a news event for the volatility it causes is a surefire way to blow up a trading account. Everything from how to configure the Forex Factory calendar to how to use it when trading price action.
That concludes the process of setting up the Forex Factory news calendar. Now let’s get into the second half of this tutorial and discuss how to use what you’ve just learned to your advantage when trading Forex price action.
The Retail Sales released by INEGI measures the total receipts of retail stores. Monthly percent changues reflect the rate of changes of such sales. Changes in retail sales are widely followed as an indicator of consumer spending. Generally speaking, a high reading is seen as positive or bullish for the Mexican peso, while a low reading is seen as negative or bearish. The GDP Price Index released by the Bureau of Economic Analysis, Department of Commerce gauges the change in the prices of goods and services.
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The Consumer Confidence released by Statistics Portugal is a leading index that measures the level of consumer confidence in economic activity. The HICP released by the National Institute of Statistics is a measure of price movements or inflation harmonized across EU Member States. Similar to the national Consumer Price Indices (CPI), the inflation proxy also includes personal computers, new cars and airfares while excluding owner/occupier housing and council tax. Generally, a high reading is seen as positive (or bullish) for the Euro, while a low reading is seen as negative (or bearish). The Industry Confidence released by the Confederation of Finnish Industries shows the opinion of manufacturing executives regarding production expectations, order books and finished goods inventories.
The survey monitors about 300 manufacturing plants selected according to geographic distribution, industry mix, and size. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. The Consumer Confidence released by the Istituto Nazionale di Statistica is a survey of the consumer opinions in Italy.