ECONOMIC CALENDAR
All economic operators, i.e. banks, brokers, intermediaries or investors, need to have an economic calendar. Thanks to this tool it is possible to intercept and know the content of any relevant economic event and news that can influence the market trend, such as a sector report or a statement by a head of state.
Economic calendar: what is it?
The economic calendar is a fundamental tool in the financial field. All the economic events of crucial interest for a specific market sector are collected and organized in chronological order Within the economic calendar, events are usually divided according to their relevance. There are major events, which affect the financial market globally, as well as secondary events of medium or low significance.
How an economic calendar works
Thanks to the economic calendar, which is drawn up well in advance, every investor operating in the markets can plan his financial activity with the utmost expertise. Each economic event, in fact, is accompanied by some fundamental notions both in terms of timing (for example the date and time of the release of information) and from the point of view of the reference sector. Not only that, but the economic calendar also allows you to make a comparison with the history, to understand – for example – what volatility determined certain information and what were the reactions of the market to a certain event could repeat itself in the short term.
Why use the economic calendar
A good economic calendar allows the financial operator to understand how certain events have affected the market, in order to make more informed decisions based on historic and future events. The economic calendar also allows you to monitor your reference sector to check all the events that could affect your open positions or the currency in which you have invested.
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