Economic data is released frequently, sometimes on a daily basis, so keeping track of it is essential. An economic calendar will list these events, along with the dates and times when the information is scheduled for release. On most economic calendars, events are graded based on how significant their impact will be. These ratings are often color-coded and sometimes accompanied by a symbol.

When participating in market trading, traders who use economic calendars are better able to understand why markets are moving in a particular direction.

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Therefore, they are better able to anticipate future moves. By using an economic calendar, an investor will know when to check the financial news in order to potentially capitalize on market trends. Many forex economic calendars also offer other essential information, such as the previous figures of the upcoming release, the consensus, and, once the data has gone public, the actual figures. Around the time of these data releases, there will always be strong volatility in the markets.

This will lead to some traders canceling their orders, which could cause liquidity to drop, thereby triggering instability in asset prices before a final direction is decided. In order to limit risk, you can check a forex economic calendar on a daily basis, before you start trading. This means that you will know if the market is likely to become volatile. You can then decide whether to avoid trading during this period or to attempt to increase your profits by taking advantage of market volatility. Usually, during normal market conditions, you can determine your risk exposure on every trade.

However, in the event of a high-impact data release, it is possible for things to change drastically in moments. The market can reverse course unexpectedly and make significant price movements in seconds. When you are aware that the market may be unpredictable, you can close any open positions a short time before the news release. You can also refrain from opening new trades until the data has been released, thereby limiting the high risk of loss.

An economic calendar show the date and the time when economic news will be released, but also what those releases will be. They also show which country is releasing the data, thereby indicating the currency that will be affected. Great economic calendars, like the one we provided, also show other information to make trading far easier. Once the data has been released, the actual figures are displayed. This information allows you to plot a chart and to identify the possible bottoms and tops of a trend. Ching Ming festival. Prev: FX Reserves. Family Day. AiG Performance of Construction Index.

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Retail Sales YoY. Retail Sales MoM. Purchasing Manager Index Services. Cons: Consumer Price Index YoY. Cons: 1. Consumer Price Index MoM. Fipe's IPC Inflation. Purchasing Managers Index. Markit Services PMI. Markit PMI Composite. Prev: 2.

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