Tuesday, September 2, 2008

Economic Calendar


For those who follow the FOREX market, and even the futures and equity markets, knowing when important economic news is to be announced is very important to making trading decisions before, during or after that news. So one needs to have a good resource that allows you to see a calendar of news events.

One such resource, which I've currently been using and think it's pretty good, is Forexfactory.com. Forexfactory is a forum geared towards Forex trading of course but on their home page is an economic calendar that all can use. What I like about this calendar is that it gives you the data as well. It gives you the forecast, and the previous numbers, and then actual numbers when the data comes out (see Fig 1) . Nothing new, other sites do the same but with Forexfactory's calendar you can get more detail with one click right on the page and learn if the numbers helps or hinders the currency. They also have a color code of if the news is of high, medium or low impact in which you can see if the data helps or hinders the currency.

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                                              Fig 1

Forexfactory's calendar is easy and straight forward.

Forexfactory.com

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