The IronFX Economic Calendar
The IronFX Economic Calendar covers financial events and economic indicators to help global investors remain updated and make informed trading decisions. Key economic indicators such as Gross Domestic Product (GDP), interest rates, unemployment rate, Central Bank Minutes and Consumer Price Indices (PMIs) (measure for inflation) are key drivers for currencies and important market-moving events. Our real-time economic calendar provides everything you need to know in order to understand current and future economic activity, identify opportunities and prepare, plan and execute your trading strategies.
How to use an Economic Calendar
An economic calendar can be utilised to improve the performance of your trades in a variety of ways. Keeping up with the markets Regardless of whether you are trading forex or stocks, you can use the calendar to track the financial markets and better understand political and economic news and how these can affect a wide range of markets. Keeping abreast of the news For news releases and economic developments, an economic calendar is an excellent resource. Use it to strategically plan your forex trading. Fundamental analysis Economic calendars contain a lot of the data needed for fundamental analysis. Trading Forex through fundamental analysis means that you have to check […]
Key Economic Indicators of Major Economies
United States’ economic indicatorsWith the US being the largest economy in the world, the US economic calendar is very important. Key indicators primarily impact the price of the dollar, but can also have important effects in other markets and currencies. FED Interest Rate DecisionFOMC MinutesGDPCPINon Farm Payrolls and unemployment rateISM manufacturing and Non-Manufacturing PMI figuresRetail Sales Canada’s economic indicatorsA strong economy, Canada is a big exporter of oil, cars and gold to countries such as the US, UK, China, Japan and Mexico. Announcements from the Bank of Canada are usually very important and can move the markets. The key indicators of Canada’s economic calendar are: BoC Interest Rate Decision & […]
What to Watch: Top 8 Economic Indicators for Forex Trading
An economic calendar is one of the most useful tools for forex traders worldwide. But when you first begin forex trading, (https://www.ironfx.co/en/markets/forex ) an economic calendar might seem very confusing and difficult to understand. Here, we shed light on some of the more important economic indicators from the three major economies (US, UK, and the Eurozone) that have the biggest impact on the forex market. 01 Gross Domestic product (GDP) It is the total monetary value of all the goods and services produced in a country and it is a barometer of that country’s economic health, showing whether it is growing faster or slowing down or whether its contracting. 02 […]
What are Economic Indicators?
Economic indicators create volatility and for that reason they provide some of the best opportunities for trading. As a piece of economic information, economic indicators are useful to identify current and future trading possibilities. As mentioned here, they can be anything from the Consumer Price Index (CPI) to the price of crude oil or consumer confidence survey and housing starts.Economic indicators are separated into three categories: leading, lagging and coincident. Leading indicatorsLeading indicators are used to forecast future economic activity. Lagging indicatorsLagging indicators, such as unemployment rate and GDP rates, provide information that follows an event and comes after large economic changes. Coincident indicatorsFinally, coincident indicators such as interest rates […]
What is an Economic Calendar?
The forex market, the biggest financial market worldwide, is characterised by sudden market fluctuations and trades that are time-sensitive. To sidestep losses, traders must be alert and keep a close eye on global events. An economic calendar is essential in this regard, as it helps traders make informed decisions. The economic calendar is used by traders and investors to monitor market-moving events and plan their trading. An economic calendar includes all the scheduled releases of economic data and financial events for a given country that may affect the movement of currencies’ prices and markets. It is a useful tool for investors and traders, who follow economic updates in order to […]