Economic Calendar

Here are some examples of notable economic events:

• GDP Report Publications;
• FOMC Minutes Publication;
• Job Openings and Labor Turnover Survey Update;
• ECB President’s Speech Regarding the Key Interest Rate;
• British Parliament’s Vote Regarding the UK Leaving the European Union.

Not all of these events are equally powerful. But each of them has economical importance and are sure to affect the market and cause either a buyout or a sell-off.

Why Traders Need an Economic Calendar

Economics is a field of study that is very much affected by real-world events. And FX-trading, which uses the economics’ principles in practice, is the proof of that. So while the mathematical patterns and other Price Action systems are reliable most of the time, they are pretty much useless when something major happens in the real world.

Economic calendars provide data for further analysis and help to predict the direction the Forex market will take in the future. They are mainly used by the followers of the fundamental analysis. Some FX-trading strategies, i.e. scalping, are built around using the economic calendars to predict commotion on the markets and trading to take advantage of it.

However, even if you despise the fundamental economical analysis and follow Price Action strategies, you can still use an Economic Calendar to see when the market might be affected by the real-world events.

How to Use an Economic Calendar

JustMarkets economic calendar lists all trading-relevant events in the chronological order.

• The first column specifies the exact date and time the event will happen;
• The second column lists how much time is left until its beginning;
• The third column contains the name of the event, as well as a flag of the country where it will occur;
• The fourth column explains how much impact the event will have on the market and how much volatility it may cause;
• The fifth column reads the predicted change the event will cause to the currency’s standing;
• The sixth column revises the predicted statement if it is necessary;
• The seventh column gets filled only once the event is over and lists the actual impact it had on the currency.

You can also click on each event to see its description, as well as the link where you can read more information about it.

NOTE. If you trade only major currencies and don’t want to run your own analytics – check out our Market Overviews and Daily Forecasts. They list the most important events, as well as explain how exactly they will affect the market.

How to Filter the Irrelevant Events

If you think that there are too many irrelevant events – don’t worry, you can filter out the ones that you don’t need. To do so, click on the “More” button and set up the filter settings.

Here you can remove the currencies that you do not currently trade, as well as the low-impact events that do not cause enough volatility for you to chase.