Economic Calendar for Forex Trading

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Economic Calendar for Forex Trading

Economic Calendar for Forex Trading

The survey monitors about 300 manufacturing plants selected according to geographic distribution, industry mix, and size. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. The Consumer Confidence released by the Istituto Nazionale di Statistica is a survey of the consumer opinions in Italy.

The Housing Price Index released by the Federal Housing Finance Agency provides an estimated value of housing market conditions. It is an important indicator as the housing market is considered as a sensitive factor to the US economy. The S&P/Case-Shiller Home Price Indices released by the Standard & Poor’s examines changes in the value of the residential real estate market in 20 regions across the US. This report serves as an indicator for the health of the US housing market. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative, or bearish.

The forex economic calendar is an event based calendar that traders use to keep current with upcoming financial information. An forex calendar contains information for future and past economic events of different countries and can clue the trader in on potential volatility expansions of certain currency pairs. Each currency is representative of the economic, political, and social stability of a country.

The Economic Calendar is a key tool to identify important economic events or data releases that can move the currencies and other instruments. They list the event along with its relevancy or impact on the asset.

Economic data indicators and mood sentiment change often so stay informed by checking our forex economic calendar daily. FX currency pair movements happen quickly so get to know the daily and foreign exchange weekly economic calendar to anticipate market trends. Stay familiar with the economic calendar and forex news from central banks, politics and local events that can affect country currency pairs you trade. Consumer spending is a key important indicator for the Japanese economy. A high reading is positive for the JPY, while a low reading is negative.

forex calendar

Forex Rates — Major Pairs

forex calendar

A high reading is seen as bullish for the JPY, whereas a low reading is seen as bearish. The Tokyo Consumer Price Index released by the Statistics Bureau is a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services. These volatile products such as food and energy are excluded in order to capture an accurate calculation. CPI is the most significant way to measure changes in purchasing trends.

In other words, it provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy. Generally speaking, a decreasing number should be taken as positive or bullish for the USD. This indicator measures the average number for the last four releases of the Initial Jobless Claims, which are released every Thursday. It is published by the US Department of Labor as a measure of the number of people filing first-time claims for state unemployment insurance.

  • Changes in the GDP price index are followed as an indicator of inflationary pressure that may anticipate interest rates to rise.
  • A high reading is seen as bullish for the JPY, whereas a low reading is seen as bearish.
  • The HICP released by the National Institute of Statistics is a measure of price movements or inflation harmonized across EU Member States.
  • House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated.
  • It is released by the US Federal Reserve every month and it measures economic activity, showing data for the previous month about the total amount of US industrial production.
  • It’s incredibly easy to use and is one of the more accurate calendars out there.

The Trade Balance released by the Statistics New Zealand is a measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. If a steady demand in exchange for exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the NZD. I’d like to view FOREX.com’s products and services that are most suitable to meet my trading needs. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate.

FXCM’s Economic Calendar presents all foreseeable economic events directly to the trader, making it a powerful analytical tool for quantifying market fundamentals. As a tool for helping currency traders remain cognisant of market-impacting events, FXCM has created a detailed Economic Calendar.

About ForexCrunch

Trading Economics Calendar requires prior review and training, which will determine which stories are important to a certain situation. The basic principle is that positive forecast and events lead to an increase in currency and negative to its fall. Currency https://en.forexrobotron.info/ exchange rates on Forex market change constantly, and no trader is able to take into account absolutely all the reasons leading to its rise or fall. Because of this, traders have to choose a few trading tools to help build a profitable strategy.

Changes in the PPI are widely followed as an indicator of commodity inflation. Generally speaking, a high reading is seen as positive (or bullish) for the Rand, whereas a low reading is seen as negative (or bearish). The Consumer Price Index released by the Statistics Iceland is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Generally speaking, a high reading is seen as positive (or bullish) for the Iceland Krona, while a low reading is seen as negative (or Bearish). The Producer Price Index released by the SCB – Statistics Sweden measures the average changes in prices in primary markets of Sweden by producers of commodities in all states of processing.

That concludes the process of setting up the Forex Factory news calendar. Now let’s get into the second half of this https://en.forexrobotron.info/week-review-07-10-11-10-forex/ tutorial and discuss how to use what you’ve just learned to your advantage when trading Forex price action.

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

A rise in the index indicates an expansion of economic activity and a decline in the index indicates a contraction in economic activity. Generally speaking, a result that values above 50% signals appreciates (or is bullish for) the JPY, whereas a result that values below 50% are seen as negative (or bearish).

The Consumer Confidence released by Statistics Portugal is a leading index that measures the level of consumer confidence in economic activity. The HICP released by the National Institute of Statistics is a measure of price movements or inflation harmonized across EU Member States. Similar to the national Consumer Price Indices (CPI), the inflation proxy also includes personal computers, new cars and airfares while excluding owner/occupier housing and council tax. Generally, a high reading is seen as positive (or bullish) for the Euro, while a low reading is seen as negative (or bearish). The Industry Confidence released by the Confederation of Finnish Industries shows the opinion of manufacturing executives regarding production expectations, order books and finished goods inventories.

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