Now that we know what is an economic event and what is a forex economic calendar, let’s go into the details of the forex factory economic calendar. Unscheduled economic events are those that are not scheduled but are formed depending on the market developments. For example, a major crisis could trigger a central bank governor to make a statement. Or snap elections which plays a Forex major role in the currency markets also qualifies as an unscheduled economic event. The U.S. dollar being one such influence is trading marginally lower thus boosting gold prices ahead of the Fed’s interest rate decision later this evening. When you combine the information from the economic event based on the forex economic calendar, you can get a better view of the markets.
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Gold News: Read The Latest Analysis On Xau
By Saikat Chatterjee LONDON – The Japanese yen fell past the psychological 135 line to levels against the U.S. dollar last seen in October 1998. By Saqib Iqbal Broker DotBig Ahmed NEW YORK -The safe-haven U.S. dollar rose to a fresh two-decade high against a basket of currencies on Monday, supported by fears of a global…
- By Chuck Mikolajczak NEW YORK – The dollar index rose for a second straight day on Thursday, erasing initial declines while the euro turned lower after the latest policy…
- By Samuel Indyk LONDON – The euro jumped after the European Central Bank’s governing council said it would hold an unscheduled meeting on Wednesday to discuss the recent…
- By Nevzat Devranoglu ANKARA -Turkey’s lira tumbled more than 2% against the U.S. dollar on Wednesday and its bonds dropped sharply as worries grew over a surge in…
- As such, ahead of the central bank decision, the markets already have a fair idea of what the central bank will do.
An economic event in the context of the currency markets is a scheduled news release that will have an impact of the currency. Forex factory is a trading forum where traders share and discuss their ideas. The forum has been around for a long time and has evolved quite a bit. Besides the calendar you will find the latest news related to the economic releases and much more. By Saqib Iqbal Ahmed NEW YORK -The dollar climbed to a near four-week high against a basket of currencies on Friday, after data showed U.S. consumer prices accelerated… By Saqib Iqbal Ahmed NEW YORK – The dollar hit a fresh two-decade high against a basket of currencies on Tuesday, as traders braced for an aggressive rate hike from the… This is ideally used by professional or experienced traders.
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By Joice Alves LONDON – Climate change could play out to the advantage of the euro, while China’s yuan and the Japanese yen are set to suffer the most without greater… By Kantaro Komiya TOKYO – The yen is at risk of weakening further against the dollar for at least the rest of 2022, more than two-thirds of economists polled by https://www.cnbc.com/money-in-motion/ Reuters… Holy crap Batman – An emergency meeting where nothing happens. I hope it was a zoom meeting so you didnt’ have to spend too many euros. ECB’s Makhlouf says on Sept. interest rate hike, ‘for avoidance of doubt, more means more than 25… Request the Ultimate Double Top/Bottom Indicator which is used by 10,000+ traders.
Sometimes, a currency can appreciate even when the interest rates are low. This happens when a central bank engages in stimulus programs in order to boost its economy. Between the above two types, the unscheduled economic events have a larger impact than compared to the high impact scheduled economic events.