How To Read An Economic Calendar

How To Read An Economic Calendar

forex economic calendar

Generally speaking, a high reading is seen as positive for the Rand, whereas a low reading is seen as negative . 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. Generally speaking, a high reading is seen as positive for the Krona, whereas a low reading is seen as negative forex trading . The Counting Jobless Claims released by the US Department of Labor measure the number of individuals who are unemployed and are currently receiving unemployment benefits. A rise in this indicator has negative implications for consumer spending which discourage economic growth. Generally speaking, a high reading is seen as negative, or bearish for the USD, while a low reading is seen as positive, or bullish.

How To Read An Economic Calendar

  • Changes in the GDP price index are followed as an indicator of inflationary pressure that may anticipate interest rates to rise.
  • Generally speaking, a high reading is seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish.
  • A high reading is seen as positive for the Swedish Krona, while a low reading is seen as negative .
  • The GDP Price Index released by the Bureau of Economic Analysis, Department of Commerce gauges the change in the prices of goods and services.

At the very basic level, you can see we’ve placed a support and resistance line on the chart leading up to the forex trading announcement. Now you are clear on the expectation and previous results, you want to set your key levels.

A Forex Economic Calendar Can Help Businesses Make Fx Decisions

#NFPGuesses, which will give you a huge list of analysts’ forecasts plus every other trader https://www.kalap.sk/lexatrade-review-2020/ on Twitter. So, you want to get all your key levels set for both the long and short side.

forex economic calendar

Economic Indicator Analysis

The active rig count acts as a leading indicator of demand for products used in drilling, completing, producing and processing hydrocarbons. This particular case represents the number of rigs drilling exclusively for oil. The Purchasing Managers Index released by Markit Economics captures business conditions in the manufacturing sector. The manufacturing PMI is an important indicator of business conditions and the overall economic condition in Austria. A result above 50 signals is bullish for the Euro, whereas a result below 50 is seen as bearish.

No matter what time frame you trade across, or how active you are, you will find it important to keep an eye on upcoming events daily. AxiTrader Limited is amember of The Financial Commission, an international organization engaged in theresolution of disputes within the financial forex services industry in the Forex market. With 17 years’ experience in the financial industry, Frances is a highly regarded writer and speaker on banking, finance and economics. She writes regularly for the Financial Times, Forbes and a range of financial industry publications.

The Consumer Confidence released by the National Institute of Economic Research is a leading index that measures the level of consumer confidence in economic activity. A high reading is seen as positive for the Swedish Krona, while a low reading is seen as negative . The GDP Price Index released by the Bureau of Economic Analysis, Department of Commerce gauges the change in the prices of goods and services.

Trade your opinion of the world’s largest markets with low spreads and enhanced execution. The Baker Hughes Rig Counts are an important business barometer forex economic calendar for the drilling industry and its suppliers. When drilling rigs are active they consume products and services produced by the oil service industry.

Changes in the GDP price index are followed as an indicator of inflationary pressure that may anticipate interest rates to rise. 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 Consumer Price Index released by the Statistics South Africa Head Office is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services.

If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way. Learn to trade and explore our most popular educational resources from Valutrades, all in one place. A Product Disclosure Statement for our financial products and our Financial Services Guide are available at or can be obtained free of charge by calling AxiCorp on (+ ). The PDS and FSG are important documents and should be reviewed prior to deciding whether to acquire, hold or dispose of AxiCorp’s financial products. AxiCorp does not consider your financial objectives or personal circumstances. AxiCorp Financial Services Pty Ltd is regulated by the Dubai Financial Services Authority and holds a category 4 license with a ‘Retail’ endorsement and is not authorized to hold client assets or client money. Therefore the client money rules do not apply to the business currently undertaken by AxiCorp Financial Services Pty Ltd .

Personal spending, released by Bureau of Economic Analysis, Department of Commerce, measures purchases of goods and services by households and by nonprofit institutions that serve households from private business. Since 2004 the European Central Bank has published twice a year the Financial Stability Review which provides an overview of the possible sources of risk and vulnerability to financial stability in the euro area. The Industrial Production released by Statistics Austria shows the volume of production of Austrian industries such as factories and manufacturing. An uptrend is regarded as inflationary which may anticipate interest rates to rise. If high industrial production growth comes out, this may generate a positive sentiment for the Euro. I’d like to view FOREX.com’s products and services that are most suitable to meet my trading needs. Trade with a global market leader with a proven track record of financial strength and reliability.

forex economic calendar

Shall a bar be red and long, market observers expect this data to have great probability to move the Forex market. Of special interest are the Federal Reserve decisions, usually announced by Governor Jerome Powell. Monetary policy refers to the process by which central banks and other monetary authorities control the money supply. Each country and economic region has a monetary authority that seeks to promote stability and economic growth within its jurisdiction. One of the ways a monetary authority might do this is by adjusting interest rates. Trading Economics provides its users with a near real-time economic calendar updated 24 hours a day. It’s the most complete, accurate and timely economic calendar available on the world wide web.

When a new data is released, the calendar page is automatically refreshed so you do not miss it. The United Kingdom has the sixth-largest national economy and its monetary policy is watched by the Bank of England, whose Governor is Andrew Bailey. Its capital, London, is the second-largest financial center in the world, behind only New York. Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply.

Her writing has featured in The Economist, the New York Times and the Wall Street Journal. She is a frequent commentator on TV, radio and online news media including the BBC and RT TV. Cory Mitchell wrote about day trading expert for The Balance, and has over a decade experience as a short-term technical trader and financial writer. A previous economic data release is the actual data from a preceding economic event of the same variety. It is commonly used as a reference for evolving strength or weakness as well as for historical context.

The Producer Price Index released by the National Institute of Statistics measures the average changes in prices in primary markets of Italy by producers of commodities in all states of processing. Changes in the PPI are widely followed as an indicator of commodity inflation. Generally speaking, a high reading is seen as positive for the Euro, whereas a low reading is seen as negative . The Producer Price Index released by the Statistics South Africa Head Office measures the average changes in prices in primary markets of South Africa by producers of commodities in all states of processing.

AxiTrader has reproduced the information without alteration or verification and does not represent that this material is accurate, current, or complete and it should not be relied upon as such. Hone your entry and exit criteria and be sure to always check the upcoming economic releases before you place any trades. If it is positive, then you have all your levels set, and you need to pull the trigger. Chart patterns like ascending and descending triangles, wedges, pennants, double and triple tops and bottoms are handy to classify the type of market you are trading right now. An economic announcement at these levels would provide the perfect sell conditions . At this stage, a swing trader would be focused on trading this short and looking for any unusual strength to sell into.