Economic Calendar Forex
The real-time Forex economic calendar covers all important market events and economic data releases, which can influence currency prices. FX Trader Magazine calendar is automatically updated when a new data is released and covers economic events and indicators from all over the world.
To know why the market is moving when you trade currencies and be able to anticipate these moves is one of the major keys for trading forex successfully. By following the reactions of the market to the world events, experienced traders analyze future economic events in order to foresee currency movements.
Following the Economic Calendar helps Forex traders to stay ahead of market event announcements and be prepared to anticipate currency moves
The biggest market-moving events include key economic data such as the US nonfarm payroll data releases.The Economic Calendar will also help you to track key indicators such as a nation's GDP (Gross Domestic Product), the industrial production, the Purchasing Manager's Index (PMI), the Producer Price Index (PPI) and Consumer Price Index (CPI).
Key economic data and indicators can have a strong impact on the forex market and affect the value of currencies. This is why a good trader should always closely monitor a forex calendar to check all economic and political factors,which can affect his currency pairs.