forex calendar news: Daily Forex News and Watchlist: USD CAD

• on 14 Dec 2020
• By el-atieq
• Forex Trading

forex calendar news: Daily Forex News and Watchlist: USD CAD

Use our economic calendar to explore key global events on the horizon that could subtly shift or substantially shake up the financial markets. Finally, don’t forget to use technical analysis in conjunction with fundamentals. If a currency is already in an uptrend and good economic news appears on the calendar, there is a much higher probability that a positive trend will continue. While macroeconomic data such as GDP is released quarterly, statistics like total jobless claims are released weekly. Well, with no significant economic releases coming up in European morning trade, I wouldn’t expect markets to find any firm direction.

An example would be if the unemployment rate increased but at the same time, the number of new jobs in the US private sector also increased. To best understand which indicator is more crucial for traders, it is important to check the news feed, as well as understanding the Fed’s current monetary policy. Economic indicators are major economic events that are used to interpret investment opportunities in Forex trading.

Canada – Economic indicators

Most indicators have numerical values, which may be expressed as a percentage or as a currency value. They reflect the impact the particular indicator had or is going to have, either positive or negative. BabyPips.com’s Economic Calendar is your trading companion to avoid event risk.

• Given increased volatility levels and abrupt fluctuations in currency exchange rates amid increased geopolitical tensions, adopting a sound forex strategy is crucial to trade currencies profitably.
• Well, with no significant economic releases coming up in European morning trade, I wouldn’t expect markets to find any firm direction.
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The organizations that publish the most meaningful indicators, the ones that carry the greatest impact in the markets, are the US Bureau of Labor Statistics, the US Bureau of Economic Analysis, the US Census Bureau and the Energy Information Administration. Of special interest are the Federal Reserve decisions, usually announced by Governor Jerome Powell. Trade 5,500+ global markets including 80+ forex pairs, thousands of shares, popular cryptocurrencies and more.

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Now the Canadian central bank already hinted that they’re planning on hitting the pause button with their rate hikes for now, so we might hear some cautious remarks explaining their decision to stand pat. Not only did he acknowledge that the latest set of economic figures has been stronger than expected, but he also kept the door open for more aggressive tightening moves (a.k.a. much higher interest rates) if data keeps comin’ in hot. Big news events can, and often do, cause big swings with a single movement going several percent in one direction. The United Kingdom has the sixth-largest national economy and its monetary policy is watched by the Bank of England, whose Governor is Andrew Bailey. Its capital, London, is the second-largest financial center in the world, behind only New York.

This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. The BoC is not expected to hike rates further after 50 pips a day forex day trading strategy a total of 425 basis points worth of interest rate rises. The central bank signalled in its previous meeting that it would pause to digest the impact of the last tightening. We have seen weakening growth, and slowdown in inflation, although job creation has been above forecast. Our forex economic calendar is fully customizable, helping you keep track of the exact data you’re interested in.

RELATED ECONOMIC EVENTS

Time left before next release is indicated so you quickly grasp when this is coming. When a new data is released, the calendar page is automatically refreshed so you do not miss it. If you want, you can enable a sound notification for all releases.

High-importance events which have historically sparked market volatility. If you use a VPN service, make sure you are connecting from the country that is authorized for fbs.com services. Update it to the latest version or try another one for a safer, more comfortable and productive trading experience. In France, Payroll Employment refers to the number of persons, regardless of work duration, in employment on the last day of the quarter. Machine Tool Orders measures the change in the total value of new orders placed with machine tool manufacturers.

TRADING ECONOMIC EVENT: EXPERTS ADVICE

Economic calendars list dates when federal agencies release important economic data, such as inflation levels, unemployment rates and changes in the benchmark federal funds rate. These data releases make a major impact on the global currency market and are a necessary tool for every forex trader. Given increased volatility levels and abrupt fluctuations in currency exchange rates amid increased geopolitical tensions, adopting a sound forex strategy is crucial to trade currencies profitably. Economic data releases are one of the biggest drivers of the forex market as they reflect the financial health of a country and key policy changes a government might take in the future that could affect the currency.

Find the approximate amount of currency units to buy or sell so you can control your maximum risk per position. Gold price stretched higher toward $1,820 during the European trading hours on Thursday. The benchmark 10-year US Treasury bond yield turned south after having advanced above 4% earlier in the day, helping XAU/USD cling to its daily recovery gains.

You can use our Economic Calendar to search past economic events and understand how they affect the forex markets. Due to the increased market volatility, it is important to remember that trading around news events can result in significant slippage. BabyPips.com’s Economic Calendar displays financial market events and announcements from across the world. The events are updated automatically upon the release of new data. EUR/USD trades to fresh monthly low (1.0524) after failing to push back above the 50-Day SMA (1.0723), and the exchange rate may attempt to test the January low (1.0483) as long as it holds below the moving average. A flag icon indicates the country of the data release, and next to it, its currency.

USD/CAD FIVE-MINUTE CHART

The most important indicators mainly impact the price of the dollar, having important effects in other markets and currencies. The real-timeEconomic Calendarcovers financial events and indicators from all over the world. The Real-time Economic Calendar only provides general https://forexbitcoin.info/ information and it is not meant to be a trading guide. FXStreet commits to offer the most accurate contents but due to the large amount of data and the wide range of official sources, FXStreet cannot be held responsible for the eventual inaccuracies that might occur.

It’s the most complete, accurate and timely economic calendar of the Forex market. We have a dedicated team of economists and journalists who update all the data 24h a day, 5 days a week. The FxPro News forex economic calendar is a handy tool for forecasting potential volatility on currency rates, as well as other assets. In terms of the policy outlook, the bank retained a dovish guidance, indicating that it will hold borrowing costs at current levels, conditional on economic developments evolving broadly in line with forecasts. This may be a sign that the terminal rate has been reached – a negative outcome for the Canadian dollar.

Incorporating the economic calendar into a forex strategy increases a trader’s odds of booking profits. While numerous types of economic data are released every week, not all are equally important. While some cause temporary fluctuations in exchange rates that are reversed intraday, other key economic releases often trigger a bull or a bear run for currencies. Changes in monetary policy, retail sales and inflation data often are the biggest catalysts driving the forex market. Also, whisper numbers, which are projections released by analysts and economists, play an important role.

The Real-time Economic Calendar may also be subject to change without any previous notice. However, it is important to remember that trading on news involves significant risk of loss. Sometimes the foreign exchange market does not react to the news in the way that most traders expect. Our major economic events calendar is updated automatically as the reports come out. FBS is there to offer timely updates to the economic calendar, but we cannot be held accountable for any delays due to the immoderate flow of trading news events. Even if you are not one to trade the news, you should still check the trading economic calendar or read about current economic events regularly because they are likely to affect market volatility.

We also provide additional information about the specific indicators and the graphs showing changes in value by month or year – click the indicator you’re interested in to learn more. Values before the actual data is released, but be careful – forecasts are always preliminary and actual figures might be drastically different. In China, producer prices change measures the average annual change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. In China, the most important components of the CPI basket are Food (31.8 percent of total weight) and Residence (17.2 percent). The CPI basket is reviewed every five years on the basis of household surveys. Revisions reflect new spending patterns and economic development, according to the National Bureau of Statistics.

The Bank of Canada today concluded its second monetary policy gathering of 2023. In line with consensus estimates, the institution led by Tiff Macklem voted to keep its benchmark interest rate unchanged at 4.50%, after raising borrowing costs at each of its previous nine meetings. Even if you don’t trade the news, you should check the Economic Calendar every day in the morning, before you start trading, and once again, at the end of the day, to make sure you’re aware of any high-impact or major events scheduled for the next day. Everything you need to track, analyze, and stay up to date with your forex portfolio and the forex markets on the go. Join the hundreds of thousands of other traders already using our app.