MDX500 Economic Calendar is a useful way to keep track of worldwide economic events that could have an impact on your trading experience. Always analyze past data sets, compare to the current market, and check volatility for the most powerful trading ideas. You can also keep an eye on the economic events which might impact the strategy and trading plan you will build for yourself.
Since we want our clients to be fully informed, updated, and consistent with all the economic events which are defined to happen in the market, we built the economic calendar in a friendly- user way, classifying the events for each day. It provides for traders and investors structured information of when and how an economic event may potentially affect their decisions and results.
The economic calendar represents a wide range of data with emphasis over organizations. It has the following elements:
The schedule is sorted in the proper way to reflect events occurring today, tomorrow, this week or next week.
TIME OF DAY
Depending on the type of event, the minute in which the occurrence is to take place may bring considerable volatility to the market.
If the European Central Bank (ECB) is scheduled to make a public statement regarding the future of monetary policy in the Eurozone, the euro (EUR) is listed as the currency most likely to be impacted.
An economic event is anything that may have a substantial bearing on a sector or sectors of the marketplace.
PREVIOUS DATA RELEASE:
A previous economic data release is the actual data from a preceding economic event of the same variety. It is commonly used as a reference for evolving strength or weakness as well as for historical context.
ACTUAL DATA RELEASE:
The actual data is the hard information disclosed to the public during the event. An example of this is the release of a nation’s quarterly gross domestic product (GDP) figures.