With the TradeFX360 economic calendar, you can keep track of all the significant
forthcoming world economic news, events, and activity that affect financial
markets in one spot.
It’s critical to understand the difference between microeconomic and macroeconomic activity. Some news may have an effect on a specific city, such as Tokyo, Japan, or Dallas, Texas, USA. In other cases, a country like Germany may profit or be harmed more than its neighbours as a result of economic news. Further out, an ECB pronouncement is expected to have a stronger impact on Eurozone markets than on those of African countries.
Keep an eye on the leading economic index or a collection of composite indices like the coincidental index of big economies. Use the data at your disposal to assist you measure economic sentiments and the volatility of the products you’re trading.
The Economic Calendar is a crucial instrument for making trades and placing orders in the future. It includes a calendar of major future market events, as well as economic data and indicators that may have an influence on international financial markets, including Forex. Central banks, inflation, interest rates, economic activity, and politics are just a few of the primary categories they fit into. The Economic Calendar’s major advantage is that it allows you to view impending news and events in real time from a single page, complete with details, charts, and descriptions.
The movement of money can have a significant impact on foreign currency values. The USD 3 Month Bill Auction and the USD 6 Month Bill Auction are two of the most commonly followed treasury rates. Long-term treasury rates, such as 10 and 30 year note auctions, are also made public.
Public holidays differ around the world, and it’s important to keep track of them because some marketplaces are closed on these days. Labour Day in the United States and Bank Holidays in the United Kingdom are examples of this. It’s also worth noting that many countries have switched to daylight savings time. This is why all times are in GMT.
Capital flows measure cross‑border movement of money from investors, corporations, and governments. Large inflows or outflows can influence exchange rates as they signal demand for a country’s assets or financing needs.
Building permits, new house sales, home prices, housing starts, mortgage applications, and construction spending are all included in this category.
The list includes any statements issued by central banks. The Federal Reserve of the United States, the Bank of Japan (BOJ), the Bank of Canada (BOC), the Swiss National Bank (SNB), and the European Central Bank (ECB) all make announcements that are carefully watched.
For central banks and forex traders alike, it is one of the most crucial economic indicators. The Consumer Price Index (CPI) is a measure of an economy’s pricing pressures. It’s mentioned in all important publications, such as monetary policy reports, and it can improve or damage a currency’s position versus its competitors.
Consumer credit, retail sales, bank lending, and household spending are all included in this report. Consumer confidence is measured using a variety of variables. Consumer confidence is measured using the Consumer Confidence Index (CCI), which is released monthly by all major countries.
One of the most important variables in influencing a currency’s perceived value, whether it’s the USD, GBP, EUR, AUD, JPY, or NZD. Interest rate statements and choices affect a wide number of categories and indicators, notably FX, stock markets, and business confidence.
A wide range of information is used to measure important aspects of a country’s economy. Gross Domestic Product (GDP) and economic indicators such as the Markit Manufacturing PMI, an index that measures economic trends in the manufacturing and service sectors, are included in this category. Figures pertaining to Long-Lasting Products Bulls and bears for currencies like the US dollar can also be caused by orders.
Many people consider their own income to be nothing more than a number. The data is seen by financial markets as an indication of economic growth or weakness. Unemployment levels, unemployment claims, and the Employment Cost Index (ECI), among other statistics, can have an impact on currency markets and exchange rates. Another key component of economic statistics is the Producer Price Index (PPI).
Commodities are essential in the industrial manufacturing process. This is why crude oil reserves and natural gas supply costs are closely monitored. One of the most essential items of data in the energy business is the EIA stockpiles report.
Since foreign ties are so critical to the economy, political news and events are very important. Elections, summits, and national budgets are all watched closely by investors because they may have an effect on legislation and monetary policy.
