What Are the Most Important Economic Events to Watch?
Here are some key economic events to monitor carefully:
Central banks like the Federal Reserve (Fed), European Central Bank (ECB), and Bank of Japan (BoJ) announce their interest rate decisions, which can lead to significant market movements. For example, if the Fed raises interest rates, it may strengthen the USD.
GDP data reflects the economic health of a country. Strong GDP growth can boost investor confidence and strengthen the country's currency.
Data such as the Consumer Price Index (CPI) and Producer Price Index (PPI) provide insights into inflation trends. Higher inflation often leads to higher interest rates, which can impact currency values.
How to Use the Economic Calendar?
Choose the period for which you want to see the economic events. Most calendars allow you to view daily, weekly, or monthly events.
Use the filter options to select events based on their importance or potential market impact. For example, high-impact events are usually marked in red.
Look for important events that could influence instrument prices directly. For instance, the U.S. Non-Farm Payrolls (NFP) report is a major event that can affect the USD and related pairs. If the NFP report shows a higher-than-expected number of jobs added, the USD may strengthen agains EUR or JPY.
Click on the events to get more details and understand the context and expected impact. Use this information to shape your trading decisions.
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