Forex Economic Calendar

Q&A

• How to Read the Forex Economic Calendar?

  Reading a Forex Economic Calendar is quite easy and gaining proficiency in analyzing the Forex economic calendar is crucial for traders to have profitable trading outcomes. Check the calendar first thing every day to stay informed and properly positioned.

  Let’s look at the main steps of reading the Forex Economic Calendar:

  1. Go to the calendar widget here
  2. Understand the calendar layout
  3. Identify important events such as interest rates, and inflation releases
  4. Recognize the importance of the event by looking at the “Impact” indicator showing Low-Medium-High
  5. Check the Forecasted, Previous Values, Time and Date
  6. Understand Market Consensus
  7. Combine with Fundamental analysis to get a more precise picture and position the strategies right.
• Which is the Best Forex Calendar?

  The best Forex calendars are considered the ones that allow the user to filter different indicators of events, releases, and important dates. Combined with fundamental analysis using a good economic calendar can have a good impact on trading decisions.

• What are the 4 Sessions in Forex?

  Trading sessions refer to the trading hours based on main financial centers around the world. Forex trading has 4 major sessions: Sydney, Tokyo, London, New York. Traders usually like to focus on the high activity trading sessions, rather than trade 24 hours a day.

  There are periods when the New York session slows down at night and the Sydney session gains momentum. This depends on many factors such as the peak business hours of that specific session or high market participation during those hours.

  It is important to also pay attention to the times when the sessions overlap. For example when the London session and New York session overlap you want to consider related currency pairs EUR/USD.

  Here are the hours of major sessions:

  Sydney session:

  • Time: 10:00 PM to 7:00 AM GMT
  • Major Markets: Sydney and Tokyo
  • Currency Pairs: AUD/USD, NZD/USD, USD/JPY

  London session:

  • Time: 8:00 AM to 5:00 PM GMT
  • Major Markets: London and Frankfurt
  • Currency Pairs: EUR/USD, GBP/USD, USD/CHF

  New York session:

  • Time: 1:00 PM to 10:00 PM GMT
  • Major Markets: New York and Toronto
  • Currency Pairs: USD/JPY, EUR/USD, GBP/USD