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Economic calendar

 

The events on the economic calendar are pre-scheduled, and include statements made by countries and other leading players in the financial arena such as central banks, the Federal Reserve (FED), the International Monetary Fund (IMF) and others. A declaration stating the monthly unemployment rate of a country, for example, can cause fluctuations in the local currency value. The preference of central banks and other major players is towards a calm and stable market, and in this way most instruments usually act. However, sometimes events can create major waves massively impacting the financial markets.

Traders and investors rely on the economic calendar to give them information and to provide trading opportunities. Traders often time movement into or out of positions to correspond either with an announcement of some event or with the heavy trading volume that often precedes a scheduled announcement. Following the economic calendar can be especially beneficial for a trader who wants to take a short position. If the trader guesses correctly about the nature of the announcement, she can open the position immediately before the scheduled announcement and then close it within hours of the announcement.

Important Legal Notice: The managedfxaccount.com has attempted to verify the information contained in this calendar. However, any aspect of such info may change without notice. The managedfxaccount.com does not provide investment advice, and does not represent that any of the information or related analysis is accurate or complete at any time.