Economic Calendar

Advisorymandi.com commits to provide the most accurate economic calendar for traders or investors and shareholders, in order to track the most crucial economic events and indicators around the world.

Advisorymandi.com economic calendar facilitates:

  • Hundreds of events from all over the world
  • Automatic refresh for new data
  • Customizable local time
  • Historic Graph
  • Filter (by country, category, and impact)
  • Updates on breaking news and updates
  • Mobile-friendly (Available on Mob App)

What is Economic Calendar Exactly?

As its name, it is a calendar used by most stock market experts, hedgers, speculators, technical & research analysts, and financial participants in order to track the occurrence of market & financial events.

Why is Economic Calendar Important?

Forex traders and investors keep a close eye on the announcements and check for the economics over the world and most crucial events like –

  • Non-farm payroll numbers : It is an which reveals the data on all non-farm jobs in the United States along with government employees and proprietors with the exception of farm work, a non-profit organization, and private household employees. The data releases on monthly basis by the U.S. Bureau of Labor Statistics.

  • Interest rate decisions : It is one of the crucial economic indicators which released by the Reserve Bank of India (RBI) to control inflation and maximize the economic growth while keeping inflation under control. Investors often use the economic calendar to get the latest uarterly reports on interest rates.

  • Movement in Purchasing Managers’ Index (PMI) : Purchasing managers’index is a monthly economic indicator which tells about the data on monthly surveys in the private sectors or areas such as new orders, inventory deals, supplier deliveries & employment, and production. nvestors and traders who are invested in the private sector can follow this economic indicator, to get to know about the changes in business conditions.

  • Gross Domestic Product (GDP) : Gross domestic product (GDP) is one of the key economic indicators of India which measure the total economic production of the country and give the total value of overall goods and services within the country. This economic indicator measures the economic health of a country and used by many stock market investors, financial analysts, and economists to check on the recent economic developments and future direction of the market.

  • Consumer Price Index (CPI) : It is an economic indicator which calculates the inflation from consumer’s end. It is one of the lagging indicators which measure the change in prices of the total basket of goods and services such as medical care, transportation, and food over a period of time. It is also known by the cost of living index.

  • WPI Inflation : Instead of measuring the change in prices of goods traded between consumers, it calculates between corporations. The wholesale price index is one of the important economic indicators which tells a lot about the supply and demand in the industry, construction, and manufacturing areas etc.

  • OPEC Monthly Report : Investors and traders who are trading in oil commodity use this economic indicator to see the OPEC monthly oil report data to get a detailed analysis of key events (financial and political) which has a significant effect on the global oil market.

  • Unemployment Data : This indicator gives the data on the no. of unemployed people in a labour force. It is one of the key indicators of labour market performance. When more people are unemployed and lose their purchasing power it leads to cascading effect that ripples through the economy.

  • Industrial Production : People who invested in the manufacturing, mining, gas and utility sector use the economic calendar to get to know about industrial production. The data comes out on a monthly basis with the figures based on the raw volumes of goods produced by industrial factories, mines, and electric utilities.

  • Core Retail Sales : This economic indicator is extensively used by the government in order to calculate the GDP and develop CPI. It tells about the aggregate retail sales except for the automobile and gasoline sales. Strong or weak data of retail sales could put pressure on the price of products. Investors who are invested in the core sector can look for the economic calendar to get the latest reports on core retail sales data.

  • Building Permits : To get the information on the numerous activities in the housing market, one look to the “building permits” which released by the government. Building permits are one of the 11 datasets incorporating the composite index of leading economic indicators.

  • Trade Balance : It is an economic indicator which measures the value of the country’s exports goods and services against the country’s imports. One can track live economic calendar to keep track of trade balance reports.

  • EIA Crude Oil Inventory : EIA Crude oil inventory is a monthly report published by Energy Information Administration (EIA) within the US Department of Energy, every Wednesday. It checks the weekly change in the no. of barrels of commercial crude oil and the level of crude oil inventories which has a direct influence on the products such as diesel, gasoline, and heating oil which somehow impact the future inflation.

  • Production Price Index : Just like CPI and WPI, it is an economic indicator to measure the price changes. Except, it measures from the producer perspective. With keeping track of this weighted index, one can aware of the economy’s performance, interest rates, consumer spending, and movement in the stock market.

Traders in foreign exchange market follow the economic calendar to anticipate when major changes will happen. The real-time economic calendar is exactly what you need to stay up-to-date on most recent and upcoming events of the financial market loaded in weekly, daily, and monthly reports. This kind of resources helps Forex traders to check the direction of the market. And not just Forex traders but traders who deal in equity market, commodity market, and futures market can also avail the benefits of economic calendar to stay up-to-date on several economic and financial events across the world.

How to Use the Economic Calendar?

Here, We are going to discuss, "how to interpret the economic calendar?" by going through the list of indicators one-by-one. By understanding these indicators and features, it will be easy to use it to track the latest economic events and other important information.

Timing

As you can see in the given economic calendar, the days are set in chronological order where time has displayed in days along with the time left for next release. And when new data released it will automatically update in economic calendar and page will be refreshed with newly released data.

Currency

In currency, you can see the flag icon displaying to indicate the country of the data release and next to it is the currency of that particular country to check.

Impact

The impact displayed in the economic calendar implies the volatility as an indicator of the expected impact of a data on the particular currency. The red, yellow, and orange color indicates the volatility type. For example, the red bar indicates that market observers are expecting to have the particular data to move the Forex market. Yellow indicates “low” and orange indicates “medium”.

Actual/Forecast/Previous

It is very common in all economic calendar indicators. The previous number shows that “it is a data from the last release.” But, remember it can be of last month/s. The forecast is as implying the number forecasted by experts on the outcome of the number. Actual is the actual number which immediately displayed once the actual data is released.

Final Thoughts: -

It is the economic calendar which shows the status of any economy in terms of strengths and weaknesses. And since the economy and currency related to each other, Forex traders found economic calendar quite useful to predict the direction of the market. It doesn’t mean that economic calendar is limited to Forex traders only, but also useful for equity analysts and commodity analysts as well. And we have much more to offer you. For more details, you can visit our home page of Advisorymandi.com.