Economic calendar
An Economic Calendar provides a daily summary of economic developments worldwide, including a forecast for the following days. This calendar displays the name of each event, the day and time it is scheduled to be published, and any available financial data. It is crucial for traders to be familiar with the Economic Calendar in order to keep track of events that may have a significant impact on multiple assets at once.
For instance, interest rate decisions and employment statistics can have a substantial effect on an entire market for several hours or even days. Therefore, keeping up to date with economic events through the Economic Calendar can help traders make informed decisions about when to enter or exit a trade, as well as manage their risk effectively.