Forex Calendar

Forex calendars are like Forex charts, but they show the economic events for a date range instead of Forex quotes (or prices) of Forex pairs. Forex calendars also contain important data about different market sectors and industries.

Forecasting Forex markets is all about predicting future price movements based on the news which causes the price to move. Forex calendars provide Forex traders with information about events that have the ability to move Forex prices. Forex traders use Forex calendars to decide which pair they will trade, when they want to enter a trade, and where they want to set their stop loss.

Forex calendar events are classified into economic data reports and news announcements. Economic data reports are published by government agencies or private organizations at specific times throughout the day. News announcements are released at any time throughout the day without warning or schedule, making them unpredictable in nature.

Economic calendar Forex market sectors are divided into two categories: industry sector Forex market sectors and cross-industry sector Forex market sectors. Trade balance (or current account) is an example of Forex market sectors that would fall under industry Forex market sectors. The trade balance Forex market sector reports Forex statistics about a country's imports and exports for a specific trading period.

Forex calendar events listed under cross-industry Forex market sectors Forex markets tend to have a larger influence on the Forex markets because there are Forex traders from all industries who watch these events closely. Inflation is an example of Forex calendar event classified as a cross-industry Forex market sector indicator, since inflation rates affect almost every industry in some capacity.