Economic Calendar


An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are typically announced or released in a report, have a high probability of impacting the financial markets.

Economic Calendar

What is ‘Economic Calendar’

A calendar used by traders for the purpose of tracking the occurrence of market-moving events. Investors will research the date and time of a specific event and pay close attention to the announcement because of the high probability that it will affect the direction of the market.

Explaining ‘Economic Calendar’

Traders in the foreign exchange market pay close attention to global events by using an economic calendar. By having the release schedule for each economic indicator, a trader can anticipate when major movements will happen. The most influential events include interest rate decisions, non-farm payroll numbers, and changes in gross domestic product (GDP), Consumer Price Index (CPI) and Purchasing Managers’ Index (PMI).

It’s important to note that there are several free resources available online that traders can use to help them determine the date/time of future market-moving events.

Further Reading

  • Forecasting the BIST 100 Index using artificial neural networks with consideration of the economic calendar – [PDF]
  • Calendar effects in Eastern European financial markets: evidence from the Czech Republic, Slovakia and Slovenia – [PDF]
  • An examination of the calendar anomalies in the Romanian stock market – [PDF]
  • Calendar anomolies and stock market volatility in selected Arab stock exchanges – [PDF]