A tool that traders can use to track, examine, and forecast future price fluctuations is the Economic Calendar. In chronological sequence by date, it highlights forthcoming local, national, and global news.
These significant occurrences are typically announced or made public in reports and have a significant impact on the financial markets. Events that fall under this category include choices about interest rates, monetary policy, economic indicators, Gross Domestic Product (GDP) releases, and more.
The time and instruments that will be impacted by the news are disclosed to RAMI traders 45 minutes before the news release. To the 'Mailbox' tab on their trading platform, the message is delivered through email.
If you want to keep track of impending news, reports, and announcements at a glance, the Economic Calendar is essential.
The volatility of forex currency pairings, equities, and other markets may be significantly impacted by the occurrences. As a result, traders frequently utilize the calendar to organize their trades and keep track of the chart patterns and indicators that the events may have an impact on.
It's a good idea to consult the calendar before the trading day because the events could greatly affect how prices move at the time of publication.
Multiple currencies and equities are available for selection from the dropdown menu. All will automatically be chosen. You may see the future events in the table below the drop-down option after selecting your choice.
It should be mentioned that the quantity of trading options varies dynamically and is influenced by the volume of impending events and news.
You'll get a list of events on the calendar after choosing your preferred instruments.
Under the "Impact" column, significant news that will increase margin requirements is denoted by a red icon.
The "Actual" and "Forecast" numbers are the two important numbers in the table. A large discrepancy between the two numbers suggests that the chart of the connected trading instruments may be volatile. Volatility often increases 15 minutes before an occurrence and decreases 15 minutes after the event.
Find answers to the most frequently asked questions about RAMI Economic Calendar.
The Economic Calendar highlights key events from national and international economics and politics, which may have a high effect on the price movements of trading instruments. Updated automatically, the calendar allows traders to be aware and stay updated on upcoming events that might impact their trades.
The events in the Economic Calendar are major drivers of market volatility and are often scheduled releases and reports, such as:
The calendar lists upcoming events that may influence the movements of financial instruments. Hence, traders find it important to use the calendar to stay updated on the latest news and happenings in countries across the globe.
These events are often scheduled and predictable, allowing traders to know their likely impact on the instruments. They can also use them as indicators to maximize trading potentials and opportunities.
The Economic Calendar is considered vital for traders trading through fundamental analysis. However, it is equally important for all traders to closely watch out for high market volatility and avoid surprises.