Forex Economic Calendar: what is it and how to read it
An economic calendar; is a list of events, data releases, and report disclosures on a specific date focused on the economic activity of a country or region. It is of great importance for local and global markets. That's why the forex economic calendar is essential.
The economic data on the forex economic calendar widget page significantly affect the currencies of the relevant countries. For example, non-farm employment data released from the USA include the US dollar and the Japanese Yen, Australian Dollar, Canadian Dollar, etc. Therefore, it also affects the currencies of other countries.
As another example, we can give China Import Export data. This data, announced every month from China, impacts all forex currencies as it affects the global markets. For example, German Industrial Production data is only adequate on Euro parities when we look at more local economic data. The data in every field in the economic calendar will be helpful for you, valuable forex investors. As ALB, in this article, we will discuss the forex economic calendar and forex economic calendar mt4.
Forex Economic Calendar
Forex economic calendar deals with the financial reports and data published periodically by government agencies or other research institutions and central bank meetings. It also includes public funding activities and disclosures. The calendar also includes political events such as elections and developments that may affect markets. However, they do not happen regularly, such as in parliamentary hearings, speeches by policymakers, and talks between country leaders.
How To Interpret Calendar News in the Forex?
The first condition of interpreting the Forex economic calendar is to pay attention to its importance. In the economic calendar, you can observe what kind of data will be announced from which country in which period and their importance levels. Data with a high degree of importance indicate sharp movements. It is helpful to pay special attention to these during your analysis. You should know the effect of moving prices on the country's economy because not all data are at the same level of importance and will not cause price movements at the same rate.
It is also necessary to determine the data to be followed well. We have just mentioned that economic data will affect prices according to their importance. It is also helpful to know which data are generally available that provide information on the economic power of a country. Pioneering data describes how data affects the country's economy right betweens at your fingertips. In addition, interest rates, non-farm employment changes, unemployment, and employment rates should be followed. In addition, the consumer price index, producer price index, and inflation figures are also details that should be known.
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