Forex Factory Calendar is a widely used online economic calendar that provides information about upcoming economic events, announcements, and data releases that may impact the global financial markets. It is a popular tool among forex traders, as it helps them stay informed about key events that can affect currency prices.
The Forex Factory Calendar includes various economic indicators, such as interest rate decisions, employment reports, GDP (Gross Domestic Product) figures, inflation data, and more. These events are categorized based on their potential impact on the markets, ranging from low to high impact.
Traders can access the Forex Factory Calendar through the official Forex Factory website (forexfactory.com). The calendar displays the date and time of each event, along with the country or region associated with it. Additionally, the expected impact on the market, previous data, and forecasted values are also provided.
The calendar interface allows users to filter events based on their preferences, such as specific currencies, event types, and impact levels. It also offers additional features, including the ability to set reminders for upcoming events and access historical data.
Traders often use the Forex Factory Calendar as a fundamental analysis tool to plan their trading strategies and make informed decisions. By keeping track of economic events and their potential market impact, traders can anticipate volatility and adjust their positions accordingly.
It's important to note that while the Forex Factory Calendar is a valuable resource, it's still crucial for traders to conduct their own research and analysis before making trading decisions. Market conditions can be influenced by a wide range of factors, and it's important to consider multiple sources of information when trading in the forex market.