Forex News and Calendar

I have written before about how to use the news to gauge market sentiment. However this time I want to talk about actually reading the news through the price action strategies that form on your chart. By now you should know how to configure your Forex Factory calendar as well as how to manage news events. Let’s finish up this tutorial by discussing how price action plays a role in all of this.

Myfxbook — has Today, Tomorrow, This Week, and Next Week buttons. You can also use the pop-up calendar facility to set a date range, and its start and end fields can also be edited manually. MQL5.com — lets you flip through the weeks back and forward.

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Here “actual” is the actual value of the indicator, published after the release of the report . “predicted ” is expected value, and “Previous” is previous value. Let’s try to make profits from the first event, the speech of the BoE governor Mark Carney. Open the GBP/USD trading chart and analyze the hourly chart in real-time.

The https://g-markets.net/5.com mobile app is called Tradays and, surprisingly, is worse than the mobile web version. Revisions are shown but neither are marked nor allow viewing of the pre-revision values. Trading Economics — calendar browsing facility is not available. However, there is a drop-down menu named Dates, which provides a quick link to view the event schedule for today, tomorrow, last week, next week, and next month.

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You can browse past data releases or view future schedules using the custom date. From my first day of trading i have been using Fx Factory economic calendar which is mainly considered as a best source for all kinds of trader , really supportive for successful news trading. If you know of any other forex economic calendars that I have not listed here, please make an comment and let me know below so that I can include it in this list. In this post, there’s a list of other websites providing economic forex calendars that many other trader use as well. The economic events are the news releases, report publications, statements by the government officials and other media that can affect the price of the Forex quotes.

Unemployment figures, company earnings reports and elections – keep track of key announcements and other events that could affect the markets. You need tested strategies, powerful tools, and experienced traders to arm you with knowledge. I’ve found it far more useful to study the price action that follows a news event than trying to guess. These two strategies have a common thread – they are both the byproduct of news.

There is also a facility to manually enter the starting and ending dates of the event schedule. Forex Factory — provides an easy and flexible calendar-based browsing facility. It is possible to browse through dates, months, and even years. For quick reference, there are links to visit the week and month that just ended. Similarly, there are quick links to visit the event schedule for the week and month that are about to come.

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The events are updated automatically upon the release of new data. So there you have it, 14 alternative forex calendars you can use instead of the forexfactory forex calendar. Forexlive.com is the third site on the list with a forex calendar. You wish to study data based on specific events such as central bank interest rates. You wish to view the historic chart with actual and forecast values. You don’t need to read about news events in non-English languages.

Here you can remove the currencies that you do not currently trade, as well as the low-impact events that do not cause enough volatility for you to chase. Investing.com — has a printer-friendly view of its economic calendar. Users also report being able to manipulate calendar data through the calendar’s embedding feature.

Global view

Join thousands of happy forex traders inside the Trading Room. Economic events are those that impact the strength of a currency, country, industry or business. These can include employment data such as US Nonfarm Payroll, earnings season and Central Banks meetings. Once you click on the event that interests you, you’ll have access to more information as well as a price chart showing historical data to help you decide if and how to act. You can use the keyword search bar to focus on any particular events you think might impact the markets you’re trading. The calendar can, however, be a great way to keep track of upcoming events.

The calendar auto-detects your time zone for registered users, while non-registered users can use the drop-down menu to select the preferred time zone. When you click on a particular economic indicator on Investing.com, you will get a description of the indicator, a link to the official source of the data, and a chart of historic values. My only complaint is that you cannot change what the widget and chart shows you.

The calendar has filters based on currencies, the impact of the scheduled events, and sessions. With the sessions’ filter, you can select between London, New York, Sydney, and Tokyo sessions. Clicking on a particular event shows its description, a historic chart of the actual vs forecast data, a table of its historic data.

It shows the best forex calendar news events for the week and usually ranks them from low to high impact. Before we end this section, I would like to point out that the news which causes these types of moves isn’t always immediately apparent. The markets can move because of an unscheduled event or perhaps an event that has already passed and the market is just now realizing the impact. Regardless of how or when the news occurs, the two strategies above give you a quick and easy way to read the news via your charts. Economic indicators are major economic events that are used to interpret investment opportunities in Forex trading. They usually are macroeconomic events that affect currencies and stock prices.

The filter functions are based on the importance of the event, date, and currencies. Forex Factory automatically detects your browser’s time zone. The navigation features on the calendar are easily accessible, including the date browsing, historical graph, and more details about the scheduled events. Myfxbook has buttons for today, tomorrow, this week, and next week. Using the ‘custom button’, you can select specific dates or a range of dates; but it must not be longer than three months. They all get news info from Reuters including forecasts so basically there is no difference between FF calendar or Daily FX. Personally I prefer to use in-built calendar in Hotforex MT5 platform.

#8: Babypips Forex Calendar

Forexpeacearmy.com the website where almost every expert advisors to trading system and trading signals services are reviewed apparently also has a forex calendar. Forex — the foreign exchange market is the biggest and the most liquid financial market in the world. Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference.

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The real advantage to using a calendar as a technical trader lies in the scheduled time and expected impact of the news. Anything more than that and using a news calendar can become more of a distraction than an asset. Sometimes the number of current economic events can be overwhelming. So, first of all, make sure to use filters to see the most relevant indicators for your Forex trading. For example, you can choose currencies that you are planning on trading or the indicator impact.

The daily volatility of forex markets presents attractive opportunities to capture profits. Timothy Li is a consultant, accountant, and finance manager with an MBA from USC and over 15 years of corporate finance experience. Timothy has helped provide CEOs and CFOs with deep-dive analytics, providing beautiful stories behind the numbers, graphs, and financial models.

Each event is categorised into high, medium and low impact levels, based on five years’ worth of back-testing and historical price data. These distinctions help you to determine which announcements are likely to have the most impact on the financial markets. These include the closely-watched US non-farm payrolls release, CPI and PPI data, plus manufacturing figures from major economies including the US, UK, eurozone, China and Japan. You can also obtain at-a-glance information on major announcements for economies such as India and New Zealand.

Exporting to printer-friendly formats or spreadsheets lets further processing of the economic calendar data. Unfortunately, not all calendars allow such manipulations. Use our economic calendar to keep track of market-moving events and announcements.