Understanding the economic calendar is important to understanding the timing of the market. It's easy to miss a few days. Here's a quick guide on using the timing of the market for different market pairs.
This is what we call a "progressive". The EIU assigns countries a "progressive" meaning according to its economic policies. For instance, Greece and Portugal are considered to be in a "growth-oriented" category.
This is the euro group's classification of government spending. Smaller countries have much less government spending than countries such as the United States and Japan. When investing in these smaller countries, you should expect that their currencies will fall against the US dollar.
The IMF identifies countries that are on a path towards long-term growth prospects and will eventually become a rich country. These countries are grouped into two groups. First is the high-income group. Next are the middle-income group.
As countries advance from the low-income group towards the middle-income group, the government's total expenditure increases and their currency fall. The last group are the countries that are in the middle-income group but have a lot of uncertainty around them.
This is the economic calendar for the United States. It compares the unemployment rate over time to the inflation rate. This helps investors to see whether the job market is improving or getting worse.
This will show you which currency pair has the strongest economy. You can use this to buy stocks of countries that may go up or down in value. It also gives you an idea of which currencies are strongest against the USD/CHF or the USD/EURO.This is a visual representation of the forex and foreign exchange market. It uses graphical images to create a sense of clarity. The higher this currency is, the better.
The Consumer Price Index (CPI) measures the changes in the Consumer Price Index (CPI) that includes food, fuel, and non-food items. It is important to know how the CPI for your country compares to the rest of the world. It is not a very accurate indicator, so you can't make any predictions about the future.
This is an international stock exchange that makes comparisons between various currency indexes. It looks at the ratio of the FX markets to other major currencies to compare with the movements of the value of the currencies. If one currency is in a slump, it makes it less likely that other currencies will drop in value.
The economic calendar is still useful. However, there is no way to accurately predict what happens in the future. It's up to you to be prepared for what is to come.
The economic calendar is certainly not the end-all be-all of foreign exchange investing. However, it is a good place to start. If you're familiar with the economic calendar, you'll be well on your way to making money in forex trading.