logo |

News

    Home   >     Industry    >     Main body

    How to Read an Economic Calendar

    Abstract:A forex economic calendar is useful for traders to learn about upcoming news events that can shape their fundamental analysis. This article will explore the WikiFX economic calendar in depth, offering tips on how to read a forex economic calendar to plan ahead, manage risk, and execute strategic trades.
    Lark20201216-113855.jpeg

      A forex economic calendar is useful for traders to learn about upcoming news events that can shape their fundamental analysis. This article will explore the WikiFX economic calendar in depth, offering tips on how to read a forex economic calendar to plan ahead, manage risk, and execute strategic trades.

      WHAT IS AN ECONOMIC CALENDAR?

      An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Such events might include GDP, the consumer price index, and the Non-Farm Payroll report. In todays environment of fiscal cliffs and central bank intervention, it can be very helpful to know the date of the next central bank meeting or major news announcement.

      The events on the calendar are graded low, average and high, depending on their likely degree of market impact. This is what the WikiFX economic calendar looks like.

    图片1.png

      WikiFX economic calendar

      HOW TO READ THE FOREX ECONOMIC CALENDAR

      Knowing how to read the forex economic calendar properly is important to maximize your trading prior to and following the most important releases. Checking the calendar every morning will allow you to familiarize yourself with the upcoming events that matter.

      In default mode, the calendar will show you every piece of economic news coming out for the major economies. For many, that will be information overload, so you may want to customize the look.

    图片2.png

      WikiFX News Flash

      CUSTOMIZING YOUR FOREX ECONOMIC CALENDAR VIEW

      In order to customize the economic calendar, you can look at events in the past, today and in the future by clicking on buttons such as “Monday”, “Wednesday” and “Next Week”. Next, select the “Country” and “Importance” buttons to look at the events that are most relevant to you.

      For example, if youre trading JPY/USD and want to focus on recent news coming out of Japan and the United States that is of high importance, your filter would look like this:

      Once you select the “Japan” and “United States” buttons, you should only see Japan and US news announcements that have a high possibility to move the market should the news surprise traders and institutions.

    图片3.png

      JPY and USD News

      TOP BENEFITS OF USING A FOREX ECONOMIC CALENDAR

      The top benefits of using the WikiFX forex economic calendar include:

      Being able to manage risk effectively

      Being in a position to plan ahead

      Having access to extra, helpful features for customisation

      As a leading media in the forex industry, WikiFX offers overall information of global forex brokers, and provides educational content to help people become profitable traders. Download and review more than 23,000 brokers on the WikiFX App

    Latest News

    South African Rand

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    South African Rand
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.