Tomb Sweeping Day. Ching Ming Festival. Easter Sunday.
Sunday, Apr 04, Easter Monday. Ching Ming festival. Prev: FX Reserves. Family Day. AiG Performance of Construction Index.
What is an economic calendar?
Monday, Apr 05, Prev: 0. Prev: 1. 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.
Economic Calendar - FXStreet
Markit Services PMI. Markit PMI Composite. Prev: 2. Factory Orders MoM. The day following Ching Ming Festival. The day following Easter Monday. Labor Cash Earnings YoY. The Forex calendar highlights the majority of these key events in each market to help traders gain an understanding of when and why a market might move, which will help facilitate their trades on the nextmarkets platform.
- How to read an economic calendar.
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A Forex calendar is a list of important events which might affect the Forex market across the world. Knowing when macroeconomic events are going to take place allows traders to plan and strategize future market entrances and exits. For traders, ignoring the forex calendar can have a detrimental effect on their trading strategy. There are key events that trigger certain responses to the forex markets, and by paying close attention to these, traders can focus more closely on their deals.
Financial calendar
The calendar is also important for analysing markets retrospectively. When learning to trade, along with practising with a nextmarkets Forex demo account , looking back at previous market data is an invaluable exercise in learning how to read where the markets might be heading. There are many strategies, signals and indicators which can be analysed simply by looking at the price movement in the markets, however, these will only ever tell part of the story when it comes to the Forex market.
Being able to see a historical record of macroeconomic events on the Forex calendar will help you in learning how the markets respond to certain political decisions or news releases. An economic calendar is a tool designed to take some of the pain away from investors, enabling traders to keep up to date with all of the latest macroeconomic news all in one place.
It collates all news releases, political decisions, report publications, national elections and more into a single place so that it is easy to keep up to date with all Forex markets all at once. As well as one-off events, the Forex calendar also displays important economic statistics through the nextmarkets platform, such as interest rates, insurance prices and economic growth. They are regularly updated, usually at least once an hour, to ensure that information is as accurate as possible. The Forex calendar is undoubtedly a powerful tool, but what is the best way to use it?
The best Forex broker will check the calendar every day in the morning to start the trading day with an idea of the major news reports being released that day for which currencies. Traders will then need to make a decision about whether the upcoming macroeconomic events are likely to have a positive or negative effect on their current open positions and access their nextmarkets accounts accordingly to make changes if needed.
With most numbers which are due to be released, the Forex calendar will have a forecast figure. A currency is most likely to be affected if the reported figure is significantly higher or lower than the forecasted figure. Traders should have an action plan as to what do in either scenario if they choose to wait until the information is released before acting. To get the most out of the Forex calendar as a tool on nextmarkets, it will help traders to have a basic understanding of macroeconomics.
How to read an economic calendar
Understanding the relationship between these economic factors and how they impact exchange rates is vital to being able to use the Forex calendar to predict movements in the price of currencies. Anticipating the volatility of the market following these kinds of announcements is essential in order to benefit from trading opportunities before everyone else. The productivity report measures the levels of output in the economy, calculated using historical GDP and labour figures. It looks at the output of individual organizations per unit of labour that they employ. This is a measure of the productivity of a nation.
Increases in productivity can often lead to increases in income, corporate profitability and reduced inflation. It is calculated using a series of complicated algorithms, which would be difficult to replicate by a single individual speculating on the Forex market. It is a really useful resource which can often be found and used alongside the Forex calendar on nextmarkets to predict the potential movements of a currency pair.
The UK Forex economic calendar will not only include all of the major information, such as GDP and inflation reports, but also details which are only relevant to the UK. For example, a good Forex calendar will include the dates of key decisions around Brexit, as well as any national holidays, government elections, the UK budget release and reports from the Office for National Statistics.
How to benefit from HarvestTrade foreign exchange financial calendar
There are very few events which will take place on the same day in more than a couple of countries, so it is worth sticking to trading with just one or two currency pairs when you are starting out on the nextmarkets trading app. Otherwise, it would be far too time-consuming to keep up-to-date with the current affairs of more than three countries at once. Forex trading on nextmarkets without referencing a Forex calendar would be like driving blindfolded.
Please click on the financial events you want to know to get more detailed information, including current data, historical data and sorting out charts. The HarvestTrade self-established foreign exchange financial calendar provides a complete and detailed list of all major economic and financial events and data series to be released. In view of the real-time information provided, this will help traders easily see the real-time financial calendar of foreign exchange margin to master the latest economic facts and data; However, it can be customized to highlight the affected currency pairs, thus becoming a practical calendar for foreign exchange margin traders.
In order to benefit from HarvestTrade foreign exchange calendar, please pay attention to how much fluctuation range the relevant currency may produce after each item occurs, and how much difference between the actual market figures and the forecast figures.