How to Read a Forex Economic Calendar

Red means high-impact, orange is medium-impact and blue means low impact news. As shown in the filters, there is the importance tab where you can change what events you would like to focus on. Filters will help you determine the type of currencies and news to display. Now that you’re on the calendar tab, all you need to do is click on the button as shown in this picture.

How to read the forex economic calendar

Any examples given are provided for illustrative purposes only and no representation is being made that any person will, or is likely to, achieve profits or losses similar to those examples. DailyFX dailyfx calendar Limited is not responsible for any trading decisions taken by persons not intended to view this material. The Forex market is traded 24/7 and is largely driven by economic news and data.

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You can click on the weekly view to show news event synchronized with your local timeline. Next week, economic data and events may see EUR/USD and EUR/GBP resistance and/or support levels tested again. Central bank policy decisions affect the forex market as they reflect a country’s economic stability, in addition to being able to influence its future economic growth. A central bank is an institution responsible for the monetary policy implemented in a country.

What is an economic calendar?

It is little surprise to note that the calendar is consistently one of our most popular pages. Our trading charts provide a complete picture of live currency, stocks and commodities price movements and underpin successful technical analysis. Identify patterns and trends and respond to price action more effectively by typing in your chosen asset and applying moving averages, Bollinger Bands and other technical indicators to enhance your trading. 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. Our economic calendar showcases relevant events to help you trade these markets too.

1. The Dailyfx.com economic calendar is a simple way for traders to keep track and stay on top of the latest markets news releases and announcements.
2. The Fed is expected to leave interest rates unchanged and is now unlikely to cut borrowing costs until Q4 as inflation remains elevated and sticky.
3. The British Pound heads into what promises to be a fascinating new trading week in stronger form against the United States Dollar.
4. ⦁ As has been noted, market-moving events play a crucial role in Forex.⦁ Always keep track of events.⦁ Use the calendar to help you make wise decisions on optimizing your trading.
5. An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released in major economies.

Using the Central Bank Calendar

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The Fed is expected to leave interest rates unchanged and is now unlikely to cut borrowing costs until Q4 as inflation remains elevated and sticky. At the end of 2023, markets were pricing in around 170 basis points of cuts this year, the current pricing shows just 31 basis points. Everyone from beginners, market day traders and the very experienced examine market moving events to stay ahead of crucial announcements, all the while looking for excellent trading opportunities. The Forex Calendar is also used by many traders to make wise trading decisions and avoid sudden particular economic situations. 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.

Once all settings have been selected, you may either “Set as Default” or simply hit “OK” to see the DailyFX Economic Calendar items populate on the chart. This article investigates a potential short setup on the S&P 500, emphasizing how the index’s proximity to confluence resistance and the deteriorating market sentiment strengthen the bearish perspective. From December 19th, 2022, this website is no longer intended for residents of the United States. If you don’t use the best trading tools, brokers and systems, then you are putting yourself at a large disadvantage to your fellow traders. I research, test and trade with the latest and best brokers, signal providers and trading tools to help you find out what works best. As you can see; on May 21, 2018, there will be a meeting of the bank of England and Swiss national bank.

The daily VIX chart highlights last week’s risk-on sentiment with the Friday 19th multi-month high of 21.36 sold off heavily. Learn more about how central banks impact the forex market and the effects of central bank intervention in the forex market. You can select each event of interest to learn more information about it, the surrounding news and analysis, and also to add it to your email calendar, which can be done by clicking the ‘Add to Calendar’ button. Below, we click on the Fed Interest Rate Decision event to find out about its relevance. ⦁ As has been noted, market-moving events play a crucial role in Forex.⦁ Always keep track of events.⦁ Use the calendar to help you make wise decisions on optimizing your trading. This will give you the ability to filter events based on expected impact, event types and currencies.

If you place your cursor over these numbers, it will tell you which economic news event occurred at that time or will occur in the future. By default, Green numbers indicate that the economic data release was better than expected or is expected to improve in the future. Red numbers tell us that the event was worse than forecast or is expected to worsen in the future. It’s the most complete, accurate and timely economic calendar of the Forex market.