Economic Calendar

The economic calendar is an useful tool for traders and investors, providing a schedule of upcoming economic events and data releases.

These events can have a significant impact on the financial markets.

Therefore, knowing when they will occur helps traders make more informed decisions about when it is safest to enter or possibly even exit trades.

It is in fact evident that, for example, starting a scalp just 5 minutes before the release of a news of major impact, could expose us to additional unwanted risk, which may not have been taken into account in a strategy.

This is why it is ESSENTIAL to know when the most important market data of the week will be published.

The economic calendar should be an integral part of any trader's weekly routine.

The economic calendar is updated in real time and covers events from all over the world, so as to be useful also for users who operate in particular markets and/or countries.

The economic calendar includes information on central bank meetings, economic indicators and other important events that can affect financial markets and their volatility.

One of the key features of the economic calendar is the ability to filter events by country, currency and impact level.

This allows traders to quickly identify the events that are most relevant to their trading strategy and focus on specific ones, which could have the greatest impact on the markets of interest to them.

Another useful feature of the economic calendar is the ability to set reminders for upcoming events.

This allows traders to stay on top of important events, even if they are unable to monitor the calendar constantly.

But what are some examples of the most important economic indicators to monitor with the economic calendar?

One of the most important economic indicators is certainly the release of data on gross domestic product (GDP).

GDP is a measure of the value of all goods and services produced in a country and is considered a key indicator of the overall health of an economy.

GDP data is typically released on a quarterly basis and can have a large impact on the currency market and the stock market.

Another important economic indicator is the consumer price index, which measures the change in the price of a basket of goods and services consumed by households.

The CPI is often used as an indicator of inflation and changes in the CPI can affect interest rates and monetary policy.

For this reason, in these years of galloping inflation, it is probably the most impactful figure of all.

The economic calendar also includes information on central bank meetings and interest rate decisions.

These events can have a significant impact on financial markets, as changes in interest rates can affect the value of currencies and the performance of stocks and bonds.

In conclusion, an economic calendar is an invaluable tool for traders and investors, providing a comprehensive and intuitive schedule of economic events that is useful for a monitoring routine.