Economic Calendar
The AvaFutures global Economic Calendar lists scheduled financial events that could impact the relevant markets. Traders often use these events to plan their trades. Each event can change the value of different instruments, depending on whether the outcome is above, below or on expectation. Please note, using the Economic Calendar is at your own risk, as we don’t guarantee its completeness or accuracy.
What is an Economic Event
Economic events on the AvaFutures calendar are scheduled announcements by countries and financial organisations like central banks and the International Monetary Fund (IMF). For example, a country announcing its monthly unemployment rate can affect the value of its currency. While central banks and major financial institutions prefer stable markets, some events can cause significant market volatility.
The Importance of an Economic Calendar
An economic calendar helps traders understand market changes, predict future movements, and learn from past events.
Why Use an Economic Calendar?
- Track key market-moving financial events and their effects.
- Anticipate and act on major market movements.
- Stay informed about key events to plan trades effectively
- Follow key events that influence currency movements.
Why do Traders Use an Economic Calendar?
Traders use the economic calendar to plan and execute trades around scheduled events. This is part of fundamental analysis, which involves predicting market direction to make informed trading decisions. Before an event, traders study the economy, review past similar events, and speculate on how the event will affect different instruments. This analysis helps predict market trends based on the current financial situation, past patterns, and trading volumes.
Some traders may open positions before the event if they expect a price rise, while others wait until after the announcement to manage risk.
Economic Calendar FAQ
An economic calendar is essential for traders because it helps you stay informed about upcoming financial events that can impact the markets. By knowing when these events are scheduled, you can anticipate market movements and plan your trades accordingly. This helps you avoid unexpected market changes and make more informed trading decisions.
Using the AvaFutures Economic Calendar is straightforward. First, review the calendar to see which events are coming up and when they will occur. Next, research how these events have historically affected the markets and make predictions about potential market movements. Finally, use this information to develop your trading strategy, whether it's opening new positions before the event or adjusting your existing trades based on anticipated outcomes.
The AvaFutures Economic Calendar includes a wide range of pre-scheduled financial events that can influence the markets. These events include announcements from central banks, such as interest rate decisions, economic indicators like GDP growth rates, unemployment rates, inflation data, and other key reports from major financial institutions like the International Monetary Fund (IMF). Each event can provide valuable insights into market trends and help you make more informed trading decisions.
You can customize the Economic Calendar by filtering events by date, country, impact level, and type. This allows you to focus on the most relevant events for your trading strategy.
The impact level indicates the potential market influence of an event. High-impact events are likely to cause significant market movements, while medium and low-impact events might have less pronounced effects.
