If you don’t use the best trading tools, brokers and systems, then you are putting yourself at a large disadvantage to your fellow traders. I research, test and trade with the latest and best brokers, signal providers and trading tools to help you find out what works best. To go to the “Monthly View” category, dailyfx economic calendar just click the “Monthly View” button and it should show you detailed meetings of every bank in each month. On the “Bank View” button, you will see a more detailed meeting date of each bank. As you can see; on May 21, 2018, there will be a meeting of the bank of England and Swiss national bank.
You can also dig deeper into global financial trends and events with our latest news and analysis articles. The DailyFX economic calendar to explore key global events on the horizon that could subtly shift or substantially shake up the financial markets. Everyone from beginners, market day traders and the very experienced examine market moving events to stay ahead of crucial announcements, all the while looking for excellent trading opportunities.
The descending channel suggests that gold prices may find it difficult to see large moves to the upside. $1956 remains the level to watch if a longer-term bullish move is to develop. With Citigroup’s economic surprise index remaining elevated compared to its peers, the US appears likely to see further surprises to the upside which bodes well for the US dollar. The US 10-year treasury yield has also pressured gold this week and despite a late dip, appears set to record a weekly advance – weighing on gold. ⦁ You can use it for examining market-moving events to stay ahead of market changes that’ll affect your trading. By clicking the date, you will see different kinds of events with their scheduled time.
USD/ZAR Price Forecast: Healthy SA Data Tries to Ease Rand Pain.
Posted: Thu, 07 Sep 2023 13:25:11 GMT [source]
The Forex market is traded 24/7 and is largely driven by economic news and data. Each and every economic event is labeled with an impact from no-impact to low, medium and high impact as well as the previous, consensus and actual result. An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released in major economies. Such events might include familiar indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report. Further, in today’s environment of fiscal cliffs and central bank intervention, it can be very helpful to know the date of the next central bank meeting or major news announcement.
US retail sales for August will then provide more insight into the strength of consumer appetite at a time when higher interest rates are meant to constrain spending. However, with an unemployment rate of under 4%, there is still a lot of money changing hands. The weekly chart reveals the threat of an upside breakout after prices started this week above channel resistance but has since traded lower.
By default, Green numbers indicate that the economic data release was better than expected or is expected to improve in the future. Red numbers tell us that the event was worse than forecast or is expected to worsen in the future. Using DailyFX.com, traders can view all of the top economic news releases sorted by importance and currency pair. It is little surprise to note that the calendar is consistently one of our most popular pages.
Spot market EUR/USD Futures contracts since July traded 2-day highs at 300,000 contracts and a fairly normal 150,000 to 200,000 per day contracts. The Pound Sterling bulls jumped back into the game against the United States Dollar (USD), helping GBP/USD stage a solid comeback from two-month troughs. Traders will pay close attention to the technical indicators amid a data-scarce calendar on both sides of the Atlantic in the holiday-shortened week ahead. Gold Price (XAU/USD) struggles to defend the first daily gains in six at the lowest level in more than a week as market players seek additional clues to defend the previous bearish bias about the bullion.
Learn more about using news and events to trade forex and improve your knowledge of how fundamentals move currency prices. Gold has respected the $1915 level of support and currently trades marginally above the 200-day simple moving average (SMA). Gold’s shorter-term direction is likely to remain sensitive to incoming data as the Fed gets closer to reaching peak rates, assuming we aren’t already there.
If CPI posts a beat to the upside, markets may to look more favourably towards the possibility of that final 25-bps hike before the Fed is likely to reach its interest rate peak. The opposite holds the same logic where a lower print reduced the urgency to restrict financial conditions further, providing temporary relief for gold. Overbought DXY and oversold EUR/USD for the past 2 months traded maximum at 150 pip ranges for each of the prior 8 weeks.
That said, the XAU/USD remains within a strong trading range between $1,935 and $1,915 despite falling in recent days. Gold price stays in positive territory above $1,920 but finds it hard to extend its rebound. The benchmark 10-year US Treasury bond yield holds steady above 4.2% following Thursday’s https://g-markets.net/ pullback, limiting XAU/USD’s volatility ahead of the weekend. ⦁ Now you can also use dividend calendars by sorting them out in an alphabetical order (vice versa). In the table view, you will find the names of the banks along with a calendar beginning January through December 2018.
All statistics in this calendar are in expressed in nominal terms unless labeled “real.” “Real” statistics are inflation-adjusted using the most relevant deflator. MULN stock has gained 1.7% in Friday’s premarket in sharp contrast to the leading equity indices. Part of the reason appears to be encouragement that Mullen management is fighting back against NASDAQ’s delisting announcement by attempting to appeal the decision. Content distribution platform LBRY said late Thursday that it has filed a notice of appeal against a recent ruling that declared the LBC token as an unregistered security.
In the example in the image below, the search has revealed the upcoming Fed interest rate decision from the US, as well as key economic events from the Eurozone. Next week Wednesday is the big one where we get further insight into US inflation a week before the Fed meeting. PPI data has also been known to cause dollar repricing in the past as PPI dynamics tend to lead CPI trends.
XAU/USD Price Forecast: Gold On the Cusp of Another Breakdown.
Posted: Wed, 06 Sep 2023 07:55:29 GMT [source]
When an event listed on the calendar approaches, there may be expected a period of volatility if data is released well above, below or in line with expectations. For organization, the events on the DailyFX economic calendar are grouped by country/region and timezone, and graded low, medium or high importance, depending on their likely degree of market impact. Our economic calendar showcases relevant events to help you trade these markets too.
From that part of the screen, you can navigate through any time frame by clicking on the date, or the previous / next week button. A flag icon indicates the country of the data release, and next to it, its currency. So you can quickly scan and see what currencies might be affected today or in some specific days. It can also be helpful to understand the differences between Fundamental and Technical Analysis in forex trading, and how to apply them to your trades.