CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Economic Calendar for Forex Trading
FXCM's Economic Calendar is an easy way to keep track of important economic events that could impact your trading. Quickly analyze previous data sets against market consensus, and check volatility for potential trade ideas. You can also search for the economic events most important to you.
Times are adjusted to reflect the user's location.
As a tool for helping currency traders remain cognisant of market-impacting events, FXCM has created a detailed Economic Calendar. A valuable research device, the Economic Calendar provides forex traders and investors a structured method of identifying when and how an economic event may potentially affect the marketplace.
When it comes to trading currencies, staying "in the know" requires one to be privy to relevant information in a timely fashion. FXCM's Economic Calendar presents all foreseeable economic events directly to the trader, making it a powerful analytical tool for quantifying market fundamentals.
The Economic Calendar is a comprehensive presentation of a wide range of pertinent data, with emphasis upon organisation and clarity. For quick and easy reference, the following elements are listed in a straightforward, tabled format:
The schedule function can be conveniently sorted to reflect events occurring today, tomorrow, this week or next week. In addition, a robust search engine is available for pinpointing the timing of specific events according to a desired criteria.
Time Of Day:
Depending on the type of event, the minute in which the occurrence is to take place may bring considerable volatility to the market. Users are provided with a detailed list of the exact timing of the event as it relates to the user's location and time zone.
The Economic Calendar notes the currency that is particularly influenced by the event in question. For instance, if the European Central Bank (ECB) is scheduled to make a public statement regarding the future of monetary policy in the Eurozone, the euro (EUR) is listed as the currency most likely to be impacted.
An economic event is anything that may have a substantial bearing on a sector or sectors of the marketplace. The release of official economic reports to the public, holidays and central bank or governmental statements may prove to be substantial determinants of market behaviour.
Perhaps the biggest question facing an economic event is its potential impact on market conditions. The Economic Calendar directly addresses this question through projecting the severity of pricing volatility using a color-coded scale.
The industry consensus is the market's "best guess" regarding a pending economic event. Analysts, investors and other market professionals often prognosticate upon the actual data to be disclosed by a future economic data release.
Previous Data Release:
A previous economic data release is the actual data from a preceding economic event of the same variety. It is commonly used as a reference for evolving strength or weakness as well as for historical context.
Actual Data Release:
The actual data is the hard information disclosed to the public during the event. An example of this is the release of a nation's quarterly gross domestic product (GDP) figures.
The scheduled disclosure of economic reports, official statements and statistical data often act as catalysts for enhanced volatility facing the valuations of currencies. For active traders, being aware of industry expectations, actual data and the exact timing of the event itself are integral aspects to help manage risk and maximize potential opportunity.
Market Opinions: Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. FXCM will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.