Trading News & Analysis for Forex, Commodities and Indices
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Economic indicator news
A central bank is an institution responsible for the monetary policy implemented in a country. It serves to manage the nation’s commercial banking industry, overseeing the interest rate, money supply and circulation. It is also known as the ‘lender of last resort’ due to its responsibility to fund its nation’s economy when commercial banks can’t. Upward trends in retail sales could fuel demand-driven inflation and allow the BoJ to begin discussions about rate hikes. Furthermore, tighter labor market conditions could support wage growth.
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Know ahead of time of upcoming economic data releases or events that may cause sudden volatility and negatively affect your trading, such as any open positions. No matter what time frame you trade on, it’s important to keep an eye daily fx calendar on upcoming calendar events daily since they are likely to impact the financial markets including forex, stocks, bonds and commodities. An economic calendar is a resource that allows traders to learn about upcoming news events.
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Identify patterns and trends and respond to price action more effectively by typing in your chosen asset and applying moving averages, Bollinger Bands and other technical indicators to enhance your trading. Weaker-than-expected numbers could signal a pullback in consumer spending. A weaker outlook for spending would signal a softer inflation outlook and support investor expectations of a September Fed rate cut. The CB Consumer Confidence Index offers a forward looking view on consumption and may impact the USD/JPY more.
Economic indicator analysis
Later in the Tuesday session, US employment costs and consumer confidence will attract investor attention. Beyond the economic calendar, Bank of Japan chatter also need consideration. BoJ concerns about the effects of a weaker Yen on inflation will likely linger despite the retreat from 160. BabyPips.com aims to offer the most accurate content but due to the vast amount of data and the wide range of sources, we can’t be held responsible for any inaccuracies that might occur.
Upbeat numbers and a hawkish Fed could tilt monetary policy divergence toward the US dollar. However, Japanese government interventions could overshadow the effects of the US economic calendar on the USD/JPY. BabyPips.com’s Economic Calendar displays financial market events and announcements from across the world.
- The remaining time till an upcoming event will take place is shown on the left-hand side of the Economic Calendar while past events are denoted with a tick.
- We have a dedicated team of economists and journalists who update all the data 24h a day, 5 days a week.
- We offer different trading conditions, allowing for a more personalised experience.
- However, these will likely play second fiddle to the wage and consumer confidence figures.
- This piece will explore the DailyFX economic calendar in depth, offering tips on how to read a forex economic calendar to plan ahead, manage risk, and support strategic trading decisions.
- Meeting dates are sorted by bank and also by month, helping you plan your strategies around the key monetary policy and central bank interest rate announcements that can move currency pairs.
FXStreet commits to offer the most accurate contents but due to the large amount of data and the wide range of official sources, FXStreet cannot be held responsible for the eventual inaccuracies that might occur. The Real-time Economic Calendar may also be subject to change without any previous notice. As you will see, the DailyFX economic calendar includes a range of features to improve your experience – making it easier to plan and prioritize. These include close to real-time updates, customized settings for each user, and a more comprehensive view of individual economic data releases.
Be sure to manage your risk and avoid overleveraging and overexposure! Understand the principle of risk management in regard to these trades. Risk is the difference between your entry price and stop loss price, multiplied by the position size. In default mode, the calendar will show you every piece of economic news coming out of the major economies. For many, that will be information overload, so you may want to customize the look. Brokers and market makers offer FXStreet’s calendar to their clients as a tool to trade.
Any examples given are provided for illustrative purposes only and no representation is being made that any person will, or is likely to, achieve profits or losses similar to those examples. DailyFX Limited is not responsible for any trading decisions taken by persons not intended to view this material. A forex economic calendar is useful for traders to learn about upcoming news events that can shape their fundamental analysis.
The BoJ hopes the services sector and wage growth will fuel demand-driven inflation. Nevertheless, a jump in industrial production could also influence expectations of a near-term BoJ rate hike. An improving macroeconomic environment could boost consumer confidence and spending.
Each and every economic event is labeled with an impact from no-impact to low, medium and high impact as well as the previous, consensus and actual result. BabyPips.com’s Economic Calendar is your trading companion to avoid event risk. Event risk is anything that will move markets, but that you can’t see coming. Use our economic calendar to inform yourself of important news events and economic data reports that may shake up the financial markets and impact your trading. The real-time Economic Calendar covers financial events and indicators from all over the world. The Real-time Economic Calendar only provides general information and it is not meant to be a trading guide.
Take a look at the scheduled economic events due to take place on any given day and click on an individual event if you want to find out further information in regards to it. The remaining time till an upcoming event will take place is shown on the left-hand side of the Economic Calendar while past events are denoted with a tick. If you are serious about becoming a trader, a trading plan will be a vital part of your strategy. Find the Economic Calendar in our FX tools and plan your trading down to the minute based on economic reports due to be released, previous economic events, consensus forecasts and estimated volatility. Our economic calendar showcases relevant events to help you trade these markets too. You can also dig deeper into global financial trends and events with our latest news and analysis articles.
Higher wages would increase disposable income and signal upward trends in consumer spending. Central bank policy decisions affect the forex market as they reflect a country’s economic stability, in addition to being able to influence its future economic growth. Near-term trends for the USD/JPY hinge on the US economic data and the FOMC press conference.
This piece will explore the DailyFX economic calendar in depth, offering tips on how to read a forex economic calendar to plan ahead, manage risk, and support strategic trading decisions. An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released in major economies. Such events might include familiar indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report. Further, in today’s 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 Forex market is traded 24/7 and is largely driven by economic news and data.