What is an economic calendar?
Economic calendar is a calendar with a list of major expected economic events, such as the data for the release of new securities and information on the economic indicators of the government and private companies that are interested in monitoring such indicators. People involved in the financial markets use the economic calendar to monitor events known to have an impact on the market so that they can decide on investment and other activities. Such calendars are published by financial magazines and other publications, often every week, and people can also develop their own, adapted to their needs.
Economic calendars can cover a wide range of topics. One of the most important is the publication of government data on major economic indicators, such as orders for durable goods, production rates and unemployment rate. This information is published in a regular schedule and usually causes shifts on the markets. Knowing when to expect that this can help investors prepare. WITHThus, information about interest rates UTs can play a role in economic trends, and the economic calendar can help people follow the expected interest rate data.
The issue of securities, including the sale of government securities, can also be interesting for investors. Data of the anticipated editions can be recorded in the economic calendar along with the expected release time. The market responds very quickly to events and it is important to know not only the date but the time of the expected events; For example, knowing that something happens to the east in the eastern time east, it allows people to plan their economic activities around it.
Several websites dedicated to economic topics publish economic calendars and allow people to create their own versions. In the case of their own calendar, people can choose from a list of events they want to follow to ask the site to generate an economic calendaradapted to adapted need. The calendar can deliver messages to e -mail and mobile phone, provide reminders and updates to keep people step with the market events.
When checking the economic calendar, it is important to take note of the local date and time, especially when someone looks at the activities covering the calendar on the global market. Some calendars come up with conversions that allow people to convert times in multiple time straps to the time zone in which they are currently. Activity in foreign markets can appear in odd hours, and traders should be aware of this while they look at information about projected economic events.