Economic calendar


Eren Sengezer

Here is what you need to know on Monday, December 16:

Market participants gear up for a critical week that will feature several major central banks' last policy meeting of the year. Ahead of these key events, flash Manufacturing and Services Purchasing Managers Index (PMI) data for December from Germany, the Eurozone, the UK and the US will be watched closely by investors on Monday.

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The real-time Economic Calendar covers financial events and indicators from all over the world. It's automatically updated when new data is released. The Real-time Economic Calendar only provides general information and it is not meant to be a trading guide. FXStreet commits to offer the most accurate contents but due to the large amount of data and the wide range of official sources, FXStreet cannot be held responsible for the eventual inaccuracies that might occur. The Real-time Economic Calendar may also be subject to change without any previous notice.

Economic indicator analysis

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United States – Economic indicators

The US economic calendar is the most important one since the country is the largest world economy. The most important indicators mainly impact the price of the dollar, having important effects in other markets and currencies.
The organizations that publish the most meaningful indicators, the ones that carry the greatest impact in the markets, are the US Bureau of Labor Statistics, the US Bureau of Economic Analysis, the US Census Bureau and the Energy Information Administration. Of special interest are the Federal Reserve decisions, usually announced by Governor Jerome Powell.

Canada – Economic indicators

Canada is one of the world's strongest economies mainly due to its natural resources, technology industry and membership in international trade agreements, such as the United States–Mexico–Canada Agreement (USMCA) or Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

Among the events with the greatest impact are announcements from the Bank of Canada, which is currently chaired by Tiff Macklem. Some of the most relevant indicators of Canada's Economic Calendar include:

United Kingdom – Economic indicators

The United Kingdom has the sixth-largest national economy and its monetary policy is watched by the Bank of England, whose Governor is Andrew Bailey. Its capital, London, is the second-largest financial center in the world, behind only New York.

The UK economy is so important that its movements have a direct impact on a wide number of markets as well as on different currencies. Some of the most relevant indicators of the United Kingdom Economic Calendar include:

Australia – Economic indicators

Its prosperous growth in recent years has allowed Australia's economy to become one of the strongest in the world, being the sixth country in the world in the quality-of-life index. The Australian economy is particularly rich in commodities, with the Down Under country mainly sourcing its resources to China and other Asian countries.

The Reserve Bank of Australia is responsible for providing services to both other central banks and the Australian Government. The current president of the RBA is Philip Lowe. Some of the most relevant indicators of the Australian Economic Calendar include:


What is the Economic Calendar?

FXStreet’s real-time Economic Calendar covers economic events and indicators from all over the world with:

 

  • 1000 events from 42 countries
  • Automated refresh when data is released
  • Countdown (time left before release)
  • Customizable local time
  • Sound notification (can be turned off)
  • Mobile-friendly
  • Historical graph
  • Related news and reports
  • Filter (by country, date, event category, volatility impact or keyword)

 


WHY SHOULD I USE IT?

It’s reliable. You can trust it.

It’s the most complete, accurate and timely economic calendar of the Forex market. We have a dedicated team of economists and journalists who update all the data 24h a day, 5 days a week.

Brokers and market makers offer FXStreet’s calendar to their clients as a tool to trade.

This is a proof that it’s a trusted, respected and widely used tool. 

If you are a fundamental or a news trader, it’s a must

To trade Forex through fundamental analysis, you have to check how economies over the world are doing based on their macroeconomics data (such as GDP, employment, consumption data, inflation…), watching closely the countries of the currencies you are trading the most.

Our economic calendar is your companion, a tab that is always opened on your computer.

If you do not care about macroeconomics when trading, it’s still a useful tool

  • Avoid bad surprises: you can check when high volatility data are expected to be released in order to better manage your trades.

RELATED ECONOMIC EVENTS


TRADING ECONOMIC EVENT: EXPERTS ADVICE

Big news events can, and often do, cause big swings with a single movement going several percent in one direction.

To know the events and releases better and learn different aspects that can influences or improve your trading, we collected some of the best educational articles, reports and videos about news trading. Check them out!

HOW TO…

…READ IT?

  • Timing

All data are displayed in chronological order, divided by day. Released data are marked with a tick () under the “time left” column. A light grey horizontal line shows you where we stand at the moment and below that line go all upcoming data. Time left before next release is indicated so you quickly grasp when this is coming. When a new data is released, the calendar page is automatically refreshed so you do not miss it. If you want, you can enable a sound notification for all releases.

  • Currencies

A flag icon indicates the country of the data release, and next to it, its currency. So you can quickly scan and see what currencies might be affected today or in some specific days.

  • Impact

Depicted as yellow/orange/red bars, the impact is a basic indicator of the potential move a data release might trigger on currencies. Shall a bar be red and long, market observers expect this data to have great probability to move the Forex market. Shall this bar be yellow and short, the probability is viewed as low. In orange, we’re just in between.

  • Actual/Deviation/Consensus/Previous

For all economic calendar indicators, you will find the Previous number: that is the data in its last release (frequency of data release is variable: it can be last month, last trimester…). For most indicators, we add a Consensus number: that is a general agreement of experts on the outcome of the number. When the Actual data is released, it’s immediately displayed at the right of the volatility indicator. Better or worse than expected? If we had a consensus published, it comes either in green (it means the data is better than expected) or in red (worse than expected). The Deviation ratio is an FXStreet exclusive calculation which measures the surprise caused by an event when the Actual data differs from the Consensus. Its number usually oscillates in an open scale between -7 and +7. 

… FILTER DATA?

You might want to focus on some type of data and ignore the rest: less noise means more efficiency. Click on the Advanced filters button button at the top of the economic calendar. You can type a keyword or select countries, dates range, event categories or impact levels. Then hit the “Apply” button. If you always need to see the same data when you come to our calendar, you can save your settings for the next visit! We said efficiency, right?

… GET MORE INFO ABOUT THE DATA

We have more to give you that just the data you see at first sight. If you click on the name of the event, that will deploy a space with more information:

  • Editor's Notes (commentary and event previews from our editorial team, only included in the most important events)
  • Description of the event (what it is, who releases it, what it means for currencies…)
  • Link to official report (when a data has been released)
  • Link to the Dashboard page (where you will be able to see & analyze the historical data of the event and several advanced calculations on how it has impacted several major currency pairs over the years)

SPEECH TRACKER

A score of 0.0-3.5 is dovish, 3.6-6.4 is neutral and 6.5-10 is hawkish.

  • Dovish speeches are usually: USD bearish, Gold bullish, Stocks bullish.
  • Neutral speeches generally have no impact on the USD or other assets.
  • Hawkish speeches are usually: USD bullish, Gold bearish, Stocks bearish.

Financial markets are highly sensitive to expected changes in interest rates by the Federal Reserve(Fed). When decision-makers at the Fed signal the path of interest is lower, their speech is dovish. Indications of higher interest rates are hawkish.

Why is there no Sentiment/Score in this speech?

Sometimes, central bankers are scheduled to make public appearances but they do not talk about monetary policy, failing to make any impact on markets. When this happens, the result of the speech in our Economic Calendar will be N/A.

Who are the Fed speakers?

Markets are always adjusting to Federal Open Market Committee (FOMC) future interest rate projections. There are 17 FOMC board members, but only 12 of them actually vote on the FOMC meetings, held eight times a year.

How it works?

We have developed a custom AI model which analyzes all the relevant speeches by the FOMC members and rates them on a dove-hawk scale. This allows us to provide traders with real-time notifications on how each word of Fed-speak impacts the US Dollar.

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