Economic calendar in simple words


Use the economic calendar to stay ahead of market movements with timely insights.


What it is?  

An economic calendar provides information about various economic events, publications, and news that can influence financial markets.


What is it for?

The economic calendar looks like a summary of indicators for different countries. It shows the importance of each event, as well as the actual, previous, and forecasted values.


How to interpret?

The market is most affected by how the actual value compares to the forecast. If the actual value is better than forecasted, it usually leads to a currency increase. If it's worse, it typically leads to a currency decrease. Additionally, previous values ​​may be revised. 


What is important?

It is important to consider the overall market context and other factors that may influence your strategy. Economic events are always viewed in relation to current geopolitical events, market trends, and other factors.


Comments

Post a Comment

Popular posts from this blog

How to define the forex trend with vfxAlert

Image
  How to define the forex trend with vfxAlert Forex stands for the foreign exchange market. It is the process of exchanging one currency for another. To be successful at forex trading it is important to select beneficial currencies like the euro, dollar, or yen. To assess the benefit it is necessary to define the forex trend correctly using the different indicators. Forex indicators are computations that consider the volume and price of a certain financial instrument into account. By utilizing the indicators, traders can make decisions to enter the market or close the option.  There are many programs for trading. But if you want to use the program which suits both professional traders and newcomers, try vfxAlert! This application was developed to make the trading process more simple and comfortable. Watch the video and see how vfxAlert looks like .     vfxAlert will equip you with numerous analytical instruments that will help you to define the forex trend . Online charts with differ
Read more

Binary signal from vfxAlert, how to work with it?

Image
Every trader knows that the quality of the signal is very important. The signal is the essential source of information, it suggests the right moment to put or call the options. The main question that arises in this situation is where to find the software that provides good signals? Now you don’t have to search anymore. Meet vfxAlert, a new application created for simple and comfortable trading. With this application, you can trade binary options, stocks, forex, ETFs, commodities, even cryptocurrencies. Watch the video to see, how this application looks like . You can trade online or download the software.  All important information is situated in one working window. Here is the interface of the vfxAlert. On the left panel, there are the trading signals. On the right — broker’s platform, in the center — chart and other analytical instruments.  The binary signal is the informational reminders that signalize about the events in the financial markets. These reminders recommend the trade
Read more
Image
  How to develop the crypto day trading strategies for vfxAlert A good strategy is a crucial element for successful trading. When your actions are logical and thought-out it is much easier to achieve a measurable result. Crypto day trading strategies are the sequences of actions that lead to profit during the day trading. Unfortunately, there are no universal crypto day trading strategies . If there were any, all investors could use it. However, you can develop your strategy if you constantly learn and have professional trading software. If you want to be a successful day trader and plan to acquire the trading software, try vfxAlert. This program gathers all the necessary information that completely depicts the situation on the market. vfxAlert gives online charts, trend indicators, market trends, economic calendar, and the possibility to trade with any broker. All data is concentrated in one working window. For the best comfort, the trader can receive the signals by telegram.  Watc
Read more