Here are forex calendars:http://www.forexfactory.com/calendar.phphttp://www.admiralmarkets.ee/analytics/forex-calendarAdmiralmarkets one is my broker's.First question, should i use my broker's calendar or forex factory one is just fine?second question and most important one
what does those numbers mean below the Actual, Forecast and Previous in forexfactory.com/calendar.php?How does anything affect prices?
More information - read this thread (with links and video): All about Calendar tab and Macro Economic Events.
Forum on trading, automated trading systems and testing trading strategies
All about Calendar tab and Macro Economic Events.
Alain Verleyen, 2013.03.17 16:54
How to Start with MT5, a summary !
Alain Verleyen, 2013.03.15 16:12
How to start with MT5 platform : summary.
As our topic about "How to start with Metatrader 5" is going to be huge, here you find a summary, with main links.
Work in progress, stay tuned :-)
Well ... just an example with NZD - Trade Balance :
NZD/USD Fundamentals - Overseas Merchandise Trade and 8 pips price movement
2014-12-22 21:45 GMT | [NZD - Trade Balance]
if actual > forecast (or previous one) = good for currency (for NZD in our case)
[NZD - Trade Balance] = Difference in value between imported and exported goods during the reported month. Export demand and currency demand are directly linked because foreigners
must buy the domestic currency to pay for the nation's exports. Export
demand also impacts production and prices at domestic manufacturers.
NZDUSD M5: 8 pips range price movement by NZD - Trade Balance news event :
As you see from the chart above - it was the local uptrend with 8 pios, right? Why? Because -779M is more than -812M forecasting value:
2014-12-22: you can see it in calendar
21:45 GMT: you can see it in calendar - just set the time in proper way:
past data and actual data: you can see it in calendar but those data are from official sources. means - the calendar (any one) is taking those data from the governmental official websites. This is the source for New Zealand Trade Balance (past data and actual data): Statistics NZ by New Zealand Government.
forecast data: those data are forecasted by the following experts:
Description of the events and what do they mean: metatrader5.com website - Macroeconomic Indicators
As we are using GMT time to watch the news events, broker (your Metatrader time) to trade, and local time to live so there are some indicators which make our life easy in this case: