Eur-Usd fundamental analysis
1 February 2021
The Economic Calendar is something of fundamental importance to every trader. Most likely you will most likely only spend a minute or so reading it every day, but that one daily minute is crucial to becoming a consistently profitable trader.
An economic calendar shows the scheduled news, events, or data releases related to the economy and financial markets. These include GDP, Non-Farm Payroll, interest rate decisions, and a lot of other information.
Events and macroeconomic news affect all the financial markets: stocks, bonds, forex, commodity, etc. Just think about the movement of the dollar after Non-Farm Payrolls were released, or even the stock market after the central bank increases interest rates.
Each event is graded depending on its market impact. Minor events likely to have a minimal market impact are marked with just one “bull”. Medium events that may have a market impact are marked with two “bulls”. Three “bulls” indicate a significant news/data release which is highly likely to move the market in a significant way.
The events marked with three “bulls” are the ones you need to be aware of. Whether the data comes out way above, way below, or right in line with market expectations, around the event, there will be high volatility.
Regardless of whether or not you trade forex, futures, stocks or any other market, the economic calendar is essential for you. Check the economic calendar each morning, before you start trading, and jot down the times of major data releases.
Below, you can see the Economic Calendar for staying up to date with breaking economic news, data, and reports on the most important world economies.
If you are interested in reading the Statements and Minutes of the main central banks you can find them on the Central Banks meetings page. In addition, you can find the calendar of the major central banks' meetings for this year on the page Central Banks meetings calendar 2024.
