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Market events

Economic Calendar

Track upcoming economic releases, central-bank decisions and market-moving events that may affect financial markets.

Educational information only. Nothing on this page is a trading signal, recommendation or forecast. Trading involves significant risk.

The calendar

Scheduled economic events

Two views of the same schedule. The live view is supplied by an external calendar provider; the FXSpreadMeter view demonstrates our own filterable interface with clearly labelled sample entries until an official feed is connected to it.

Live dataDates, times, importance, actual, forecast and previous values are supplied by the external provider.

Calendar data by MetaTrader World Markets. Times are shown in the widget provider's timezone. Informational only — not a trading signal.

Market impact

How economic events feed into price

The chain runs from expectations to the reported figure, to the surprise, and only then to any market reaction — and that last step is the least predictable part of it.

How a release turns into market movement

Markets trade expectations. What usually matters is the gap between what was expected and what was reported — and how positioned participants already were before the release.

  1. 01Forecast

    The consensus figure analysts expect before the release.

  2. 02Actual

    The figure that is actually reported at the scheduled time.

  3. 03Difference / surprise

    How far the actual landed from the forecast, in the units of that indicator.

  4. 04Market expectations

    Participants reassess what the data implies for growth, inflation and policy.

  5. 05Potential volatility

    Quotes can move faster, spreads can widen and execution can differ from calm conditions.

A better-than-expected number does not automatically mean an asset rises. Expectations may already be priced in, positioning may unwind, revisions or other headlines may dominate, and broader conditions can point the other way.

Every step is conditional. The same surprise can produce very different reactions on different days.Illustrative example — not live market data.

Reading Actual / Forecast / Previous

Three numbers sit beside most releases. Read them together rather than in isolation.

Previous
—

The last reported figure, which sets the trend the market is comparing against.

Forecast
—

The consensus estimate. This is the level roughly reflected in prices beforehand.

Actual
—

The number released. The distance from forecast is the surprise element.

Values shown as placeholders. Direction of travel between the three often matters more than any single print.Illustrative example — not live market data.

What importance levels mean

Calendars tag each entry with an expected market attention level. It describes how closely the release is followed, not what price will do.

Low

Followed by specialists

  • Narrow or niche datasets
  • Rarely repricing rate expectations
  • Usually little change in conditions

Medium

Watched, rarely decisive

  • Retail sales, sentiment surveys, second estimates
  • Can matter when the data set is unclear
  • Short bursts of activity are common

Signal-level

High attention

  • Interest-rate decisions and central-bank statements
  • Inflation and headline employment reports
  • Conditions such as spreads and slippage can change quickly

Importance is a measure of attention. High-attention events are not automatically bigger opportunities — they can also mean less predictable execution.

The release families traders track most

Most high-attention entries fall into a handful of families, all linked back to the same question: where is policy heading?

  1. 1

    Interest-rate decisions

    The policy rate is the anchor for borrowing costs and for how a currency's yield compares with others. Both the decision and the wording alongside it are studied.

  2. 2

    Inflation data (CPI / HICP / PPI)

    Inflation shapes how much room policymakers have to cut or how long they may need to stay restrictive.

  3. 3

    Employment reports

    Labour-market strength and wage growth feed into inflation expectations and into judgements about spare capacity.

  4. 4

    Growth data (GDP, PMIs)

    Growth frames the trade-off between fighting inflation and supporting activity.

  5. 5

    Central-bank communication

    Press conferences, minutes and speeches can move expectations even without any change in rates, because they update the expected path.

Market connection

Which markets are usually discussed with each currency

A release for one currency is normally examined alongside the instruments that currency trades in. This is an educational relationship only — it is not a prediction that any of these markets will move in a particular direction.

  • USD events— United States

    • EUR/USD
    • GBP/USD
    • USD/JPY
    • USD/CHF
    • XAU/USD
  • EUR events— Euro Area

    • EUR/USD
    • EUR/GBP
    • EUR/JPY
    • EUR/CHF
  • GBP events— United Kingdom

    • GBP/USD
    • EUR/GBP
    • GBP/JPY
  • JPY events— Japan

    • USD/JPY
    • EUR/JPY
    • GBP/JPY
  • CHF events— Switzerland

    • USD/CHF
    • EUR/CHF
  • AUD events— Australia

    • AUD/USD
    • AUD/JPY
    • EUR/AUD
  • CAD events— Canada

    • USD/CAD
    • CAD/JPY
  • NZD events— New Zealand

    • NZD/USD
    • AUD/NZD
  • CNY events— China

    • AUD/USD
    • USD/CNH

FXSpreadMeter Ratings

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Compare highly rated brokers across trading costs, platforms, regulation and overall conditions.

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XM Group

Rating

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