Understanding The Forex Economic Calendar App
Join 1000's of Authors at StreetArticles Today!

The Forex market is highly volatile and unpredictable, but if you want to find success in trading foreign currencies, it is important to know why the market is moving a certain way, while knowing how to anticipate these movements. The market reacts to world events differently on a daily basis, meaning it is important to analyze current and future economic events so you can anticipate and plan for fluctuating currency movements. A Forex trader ought to stay ahead of world events that affect the market so they can act accordingly when announcements are made. Economic calendars play a huge role in Forex trade because in general, the most significant market-moving events on the market are always linked to the release of key economic data.

As a matter of fact, the easiest way to manage information from these economic events and announcements is to follow an economic calendar. Fortunately, there are many reliable economic calendar programs and applications available that traders can use to keep track of the information. With an efficient economic tool like an economic calendar, traders can have an easier time tracking key indicators, which help you see where the market is most likely headed and how these directions can impact your currency movements. Knowledge of past, current and future economic indicators, along with political indicators and upcoming events, is not just beneficial, but an extremely crucial decision-making factor for a good trader.

There are many different ways you can choose to keep an economic calendar. You can input information manually by searching for major indicators online and creating your own calendar scheme. While this may take a lot of work and extra effort, it is a good way to keep track of those indicators you deem most important in your trade. However, more traders take advantage of online calendar platforms and applications offered by brokers and financial organizations to make monitoring a lot more convenient. These applications update automatically and provide you with most (if not all) of the information you might need to make sound investment and trading decisions.

Economic calendars list different economic indicators that can help you predict currency movements. Some of the most important indicators you should pay attention to include the consumer confidence index, consumer credit report, consumer price index, durable goods report, employee cost index, employee situation report, existing home sales, factory orders report, gross domestic product, housing starts, industrial production, jobless claims report, money supply, mutual fund flows, non-manufacturing report, personal income and outlays, producer price index, productivity report, purchasing managers index, retail sales report, and trade balance report.

About The Company:-

World Business Press Online (WBP Online) is a go-to news aggregated site for information related to forex and the currency market. The company provides news on finance, business, economic and political aspects that help day-to-day trading. WBP Online provides concise and breaking news updates, meaning you get the information you need to make educated trading moves.


Street Talk

No comments present
You May Also Like
Smart Investing Tips to Gain Copious Returns From SIP
If you would consult a financial planner for knowing the best way to invest and earn money, then the definite answer would be to adopt an investment strategy which is regular and long-term. The clients should choose a bouquet of top performing schemes according to their risk profile and have…
By: Dishika Baheti in  Investing  >  Mutual Funds   Jun 07, 2016  
0
  Likes: 0

Risk Profiling : A Mixture Of Art And Science
Any investing strategy involves a prominent factor which influences the investing decision to a great extent which is the risk factor. The clients have to be extra cautious while spotting the correct avenue for putting their money in order to get maximum profit from it. Each client has different investing…
By: Dishika Baheti in  Investing  >  Mutual Funds   Jun 06, 2016  
0
  Likes: 0

Elss : Encompassing Investments With Tax Saving
The financial year 2015-16 has ended and with that, the tax paying deadline is also over. It is often observed that the clients pursue the tax saving plans by the end of the year, i.e., in February or March. It may have helped you till now, but it is a…
By: Dishika Baheti in  Investing  >  Day Trading   May 18, 2016  
0
  Likes: 0

Problems Addressed By An Efficient Portfolio Management System
Portfolio management is an endeavor that requires an understanding of investment mix and policy, asset allocation for individuals and organizations, risk mitigation, and performance optimization. And by investing in cutting-edge portfolio management system, many businesses are able to accomplish these efficiently. Advanced accounting software is already required as one’s practice…
By: Cheryl Muncher in  Investing  >  Mutual Funds   May 17, 2016  
0
  Likes: 0

Absorbing to See A Bisected Brawl Hemisphere
In adjustment to anatomy an all-embracing and avant-garde address market, Linqing city-limits affairs to body a Address Fair & Exhibition City-limits which will awning a absolute breadth of four hundred thousand aboveboard meters. The absolute investment is about 0.58 billion RMB. This Concrete Wedge Anchors intends to complete this activity…
By: plasticproducts in  Investing   May 09, 2016  
0
  Likes: 0

Some Extra Fundamentals on Legal Documents - Realizing the Tits And Bits
Any company is incomplete devoid of legal documents. The legal documents hold the authenticity in the company and therefore a little of detail need to not be missed out. Almost everything that matters for the preparation on the legal document of a company must be sincerely followed to mitigate future…
By: daniel huang in  Investing  >  Mutual Funds   May 06, 2016  
0
  Likes: 0

Free Cisco 648 - 244 Pdf Download (may 2016)
1. Convenient and effective 2. Excellent supplier for busy workers Several. Interactive testing engine 4. Printable Pdf forms A few. Online technical help in case of difficulty Half a dozen. Instant download access after purchase 7. Simulates genuine exam environment 8. Self-paced research course 9. Regularly updated 648-244 answers exam…
By: certone in  Investing  >  Futures and Commodities   May 04, 2016  
0
  Likes: 0

How to Choose A Broker for Day Trading
Day trading is the practice of holding positions in a financial market for no longer than a single day, and often for much shorter periods of time. Day traders always exit any trade before the end of the trading day (often referred to as the 'regular cash session'), and aim…
By: Alexander Pearson in  Investing  >  Day Trading   Apr 27, 2016  
0
  Likes: 0

L&t Mutual Fund: Piloting the Flight Of Investment
Imagine a situation where you are traveling through a plane and the pilot is unable to navigate the flight. It is fearsome for the passengers as they have trusted the aviation company and boarded the flight. Travelers put their lives at stake and confide in the staff, that they will…
By: Dishika Baheti in  Investing  >  Mutual Funds   Apr 27, 2016  
0
  Likes: 0

Fundamentals Of A Company Check - What Would Be the Services Employed
Business planet is cool as well as risky. The deeper you enter, the a lot more threat you get into. Nevertheless a systematic approach generally assists to collect the puzzle and stroll straight. Investing into a company could be helpful should you go through a meticulous company check. All strings…
By: daniel huang in  Investing  >  Day Trading   Apr 26, 2016  
0
  Likes: 0

Swiss Billionaires Business Office Addresses By Advisor BEN Campbell
Switzerland is not only "super-secret about everything, it is also the center of the economy of the world. Switzerland now has more than $2.5 QUADRILLION in assets. And, most of that is controlled by a group of about 201 SWISS BILLIONAIRES. SWISS BANKERS SWISS BANKERS when they want "contact information"…
By: Ben Campbell1 in  Investing  >  Stocks   Apr 26, 2016  
0
  Likes: 0

How to Find Prospects In Real Estate
Searching for a potential client is no simple task; it is a thorough process that every sales agent must take with consideration. With proper prospecting techniques, an agent can save time, money, and effort. Now, I’ve created this brief article in hopes to help real estate agents through the fundamentals…
By: oliviacoore in  Investing   Apr 18, 2016  
0
  Likes: 0

Economic Frauds And their Prevention
The international monetary method is an elaborate piece of art. Its twists and turns, labyrinth like clichés and confusing terminologies are greater than adequate to confuse even essentially the most seasoned of financiers. Just after all, economic method is often a vast subject that is definitely nonetheless evolving and creating…
By: daniel huang in  Investing  >  Mutual Funds   Apr 07, 2016  
0
  Likes: 0

Instigating New Avenues Of Investment for Clients - Birla Sunlife Mutual Fund
Mohan and Raj were sitting in a cafe and were enjoying their cappuccino. Mohan’s cell phone showed a new notification. It was a mail from the asset management company, where Manoj had parked his money. His face dropped all of a sudden after reading it. When Raj asked him about…
By: Dishika Baheti in  Investing  >  Mutual Funds   Mar 31, 2016  
0
  Likes: 0

Let Them Eat Gold: Why This Luxury Food Staple is Doing More Harm Than Good
You’ve seen it in Forbes, in Guinness World Records and all over the internet, the Frrrozen Haute Chocolate ice cream sundae (yes, that’s not a typo and we don’t know why there’s a lot of R’s) made by famed New York eatery, Serendipity 3 is the most expensive dessert in…
By: Bitgold in  Investing  >  Futures and Commodities   Mar 26, 2016  
0
  Likes: 1

Article Views: 495    Report this Article