Table of Contents
The economic calendar meaning, in the field of Economics, is referred to as the specific details or dates of major events or released that tend to affect the overall movement of the individual security Market or prices on the whole. Traders as well as investors tend to make use of the economic calendar for planning trades and Portfolio reallocations.
At the same time, it can also be used by investors for being alert about specific indicators and chart patterns might be affected or caused by the given series of events. The economic calendar, as an effective economic tool, is available for several countries for free upon the various market and financial websites.
Economic calendars are mostly known to focus on the specific scheduled releases of guided economic reports in a particular country. Instances of events that get listed on the given economic calendar are known to include reports regarding the new home stats, weekly jobless claims, scheduled changes in the interest rate signaling or interest rates itself, obtaining regular reports from various banks, economic surveys from all types of markets, and various other recent economic or financial events.
Investors and traders are known to rely on economic calendars for providing them information while delivering trading opportunities at the same time. Traders have mostly known to time the respective movement in the given position. This is done to correspond either with the announcement of specific events or with ensuring heavy trading volumes often preceding some scheduled announcement. It is considered especially beneficial for a specific trader to follow the economic calendar – especially if the trader wishes to take a specific position.
If the trader is able to guess correctly about the announcement’s nature, he or she can open the given position instantly right before the given scheduled appointment while closing the same within hours of the given announcement.
Economic calendars tend to be available for free from both economic as well as financial websites. The given calendars are known to vary from one site to the other. While it is known as the ‘economic calendar,’ the listings on the actual calendar are known to depend on the overall focus of the web portal along with the events in which the end users might be interested in.
Talk to our investment specialist
For instance, the economic calendar on most of the website listings tend to feature only events in a particular country as the given set of events is going to have a major market impact. There are several other websites that are known to allow users to construct their individual economic calendars by making use of filters for displaying or hiding events.
While the available free economic calendars serve to be useful at the initial point, most traders or investors out there are known to customize the calendar on their own for improved results.