A Forex Economic Calendar is a vital tool for traders that provides a schedule of important economic events, announcements, and data releases that can impact the financial markets. It includes details such as the date and time of each event, the country involved, the type of announcement (e.g., interest rate decisions, GDP reports, employment figures), and its potential impact on the market.

Key features of an economic calendar often include:

• Impact Level: Events are typically categorized by their expected market impact (low, medium, high).
• Actual, Forecast, and Previous Values: Displays the reported value, analysts’ predictions, and the last reported figure for comparison.
• Currency Focus: Highlights the currencies likely to be affected by each event.

Forex traders use the calendar to plan their trading strategies, avoid unexpected market volatility, and capitalize on opportunities. It helps them stay informed and make data-driven decisions in an ever-changing market.