Our Economic Calendar is provided by NewsFactory.
Importance of Economic Calendar
Movements in the financial market always coincide with news of major events. It is important to know how to read the economic calendar to evaluate the effects announcements may have on an individual sector of the market. CMTrading’s economic calendar is displayed as a chart showing the days, weeks, and months of a particular year. Each day lists several market-moving events in chronological order, giving investors time to research and anticipate a specific release.
Here are three important guidelines:
Good or bad news – they both will affect the economy.
Not all events are equal – some announcements will cause higher market volatility.
Most announcements may only affect a particular sector/region.
Let us say you wish to trade equities. Some events include major economic news that influences price action (I.e., Central bank announcements) or internal news of a specific company that is released (I.e. quarterly earnings). This type of news will help in setting the expiration date of an option/futures. For the oil market, the same economic calendar can be used to track oil inventory levels.
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