Forex Economic Calendar
One of the main elements of the basic analysis is economic calendar, which is very important in order to understand the changes in the prices of the assets traded in the market and in order to benefit from these changes. The economic calendar gives valuable information about investors, which country; it also provides facilities for the importance of the indicators.
It is observed that as the announced values of the economic calendar data, which may cause the hard movements in parity and commodity prices, move away from the forecast figures, the reactions of the market participants also increase.
Economic calendar is an important application in financial markets. You will not have any difficulty in evaluating your savings with this application, which gives information on how market conditions will move. Because the economic calendar helps you keep track of the factors that cause the prices of investment instruments to change.
What Is The Economic Calendar?
Economic calendar application is generally used on the forex market . In this application, which is used to determine the changing trends of the market during the day, the economic data of all the countries in the world are followed. You know that forex is a market ruled over the countries of the world and prices are often influenced by political events, battles, political agreements, and socio-economic factors. Therefore, this application has been developed so that investors can carry out transactions more consciously.
How To Interpret Economic Calendar
Included in the economic calendar; Interest, unemployment, inflation, non-agricultural employment rates. Apart from these, there are factors that affect many other prices. You can follow all of them with a single application. By logging on to the brokerage houses’ websites via the internet, you can understand how the prices of financial instruments will change in the future.