📅 Economic Calendar
High-impact economic events that move the forex market
High Impact
Major market movers: interest rates, NFP, GDP. Can cause 50-200 pip swings.
Medium Impact
Secondary indicators: retail sales, PMI. Typically 20-50 pip movements.
Low Impact
Minor reports: trade balance, consumer confidence. Usually less than 20 pips.
How to Use the Economic Calendar
The economic calendar is an essential tool for forex traders. It displays upcoming economic events that can significantly impact currency prices.
Key Events to Watch
- Interest Rate Decisions - Fed, ECB, BoE, BoJ announcements move markets instantly
- Non-Farm Payrolls (NFP) - US employment data released first Friday of each month
- GDP Reports - Quarterly economic growth figures
- Inflation Data (CPI) - Consumer Price Index affects monetary policy
- PMI Reports - Purchasing Managers Index shows economic health
Trading Tips
Avoid opening positions just before high-impact news. Spreads widen significantly during volatile releases. Wait for the initial spike to settle before entering trades.