Your Economic Calend

Feel your investments are doing well, then crash for no apparent reason? Perhaps you overlooked an important announcement. Smart investing relies on the updates on economic events. Also, the economic calendar is your best friend! Become a modern investor — and stay there with this tool.

In the Context of the Economic Calendar

An economic calendar is similar to a calendar for financial news. It informs you when important economic data comes out. What’s included on this calendar, and where you can get one.

What is an Economic Calendar?

The economic calendar is a schedule of future economic events. It covers things like government reports and central bank meetings. It’s investors’ way of fuelling up their engines for market shifts.

What To Look For in an Economic Calendar

Events show the important details below the calendar. You can see the date and time of release. The country for which the data (the covid tracker) comes is there. It shows the name of the event (such as GDP or CPI) These include the actual, forecast, and prior values. In knowing those details, you will get a sense of how it impacts.

The Web can also help you to get an Economic Calendar.

Economic calendars are available on many websites. A common choice is Bloomberg or Reuters. Another good one is TradingView. Another useful resource is Forex Factory. So these calendars are typically free to use!

Key Economic Indicators to Monitor

However, not all economic data are equally important. These have a huge influence on investment decisions. Let’s take a look at some of the major ones.

Gross Domestic Product (GDP)

GDP is the total value of all goods and services produced in a country. A growing GDP generally indicates a healthy economy. This can boost stocks. Bonds could be impacted as well. Keep an eye on GDP reports!

Inflation Data (CPI, PPI)

Inflation is a measure of how quickly prices are rising. The Consumer Price Index (CPI) measures what consumers pay. The PPI measures prices charged to producers. High inflation can result in high interest rates. That can affect investments.

ADP Non-Farm Payroll Auto/Truck Sales

The non-farm payroll number tells us how many jobs were created. The unemployment rate is the proportion of people who are out of work. Vigorous job growth is, on the whole, a good thing. It can increase confidence in the markets. These numbers are also closely watched by the Federal Reserve.

How to use Economic Calendar for Investment Decisions

But, how do you employ an economic calendar in your investment plan? Here are a few tips.

These high-impact events can swing markets. Keep an eye on announcements from the Federal Reserve. Reports on gross domestic product and inflation can also move markets. Expect price fluctuations around these periods!

Timing Your Trades

Some investors attempt to time their trades around economic releases. If, say, GDP is better than anticipated, stocks might go up. It could also mean some traders buy the stocks ahead of the release. But as we all know, there is a risk for this!

Managing Risk

Secure your investments during wild markets Use stop-loss orders. These orders will automatically sell your stock if it falls to a specified price. Diversifying your portfolio also reduces risk.

Interpreting Economic Data

You can’t just see the numbers. You have to know what they mean when they say that. Let’s learn how to analyze economic data.

Knowing What Forecasts and Actuals Are

Forecasts are what the experts believe the number will be. The reported is what is reported. Markets can also react strongly if the actual number diverges significantly from the forecast. Big moves are possible if the data surprise.

Analyzing Revisions

On occasion, prior data is revised. Revisions can also update our views of the economy. An upward revision to past GDP might mean the economy was stronger than we realized.

Considering the Context

Don’t interpret economic data in a vacuum. What else is going on? There are global events, political situations, etc. The bigger picture matters!

Progressive Techniques and References

Staying ahead of the game in an economic calendar? Here are a few strategies and some resources.

Linking the Economic Calendar with the Technical Analysis

Traders use technical indicators and candlestick patterns to predict price processing. Use indicators such as trendlines and moving averages. These then are combined with the economic calendar. Which can provide you with a huge advantage.

What to Read Next Follow expert analysis and commentary to understand what matters.

Read more of what the experts say. Any good source of economic analysis and market commentary. Use trusted news outlets and financial websites. Get different perspectives.

How to Customize Your Economic Calendar

Most economic calendars allow you to customize what you view. Find events that match your investment objectives. Focus on the things you care about most. Fit the calendar to your risk tolerance.

Conclusion

An economic calendar is the smart way to stay on top of it. It assists you in predicting market fluctuations. Start using an economic calendar today! To stay up to date and adjust, do. For someone who invests, this is invaluable.