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.
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.
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.
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”.
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.