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Tools · Economic Calendar

Economic calendar: how to read market events

Scheduled data releases, central-bank decisions and speeches can move forex, indices and commodities in seconds. Learn how to read them, then try the sample calendar below.

Today’s calendar

Upcoming market events

Sample events shown for illustration. Filter the table below by impact level or currency — filtering happens instantly in your browser.

● High impact   ● Medium impact   ● Low impact

Time (UTC)CcyEventImpactActualForecastPrevious
08:30USDCore CPI (MoM)High—0.3%0.4%
10:00EURECB Press ConferenceHigh———
12:30GBPBoE Governor SpeechMedium———
14:00USDCrude Oil InventoriesLow—-1.2M0.7M
18:00USDFed Interest Rate DecisionHigh—5.50%5.50%
23:50JPYBoJ Monetary Policy StatementMedium———
01:30AUDRetail Sales (MoM)Low—0.2%0.1%
13:30CADEmployment ChangeMedium—22.5K17.3K

Illustrative sample events — not live market data.

Impact levels

What do high, medium and low impact mean on an economic calendar?

Impact levels rate how strongly an event has moved prices in the past. High impact events, such as interest rate decisions and jobs data, can move a market sharply within seconds. Medium and low events usually move prices less. The rating is a guide, not a promise.

  • ✓ High: can move markets sharply, and spreads often widen around the release.
  • ✓ Medium: tends to move the related currency, with less spillover into other markets.
  • ✓ Low: rarely moves markets on its own but can add context.
  • ✓ Combine the calendar with market hours to see which sessions are active when an event lands.

Reading a release

What do actual, forecast and previous mean?

Each release shows three numbers. Actual is the figure just published. Forecast is what analysts expected. Previous is the last reading. Prices usually react to the gap between actual and forecast, not to the number alone. A result close to forecast often moves prices little.

Actual

The published result. The cell stays empty until the release time.

Forecast

The consensus estimate. A result well above or below it is a surprise, and surprises move prices.

Previous

The last reading, which gives the trend. It may be revised when the new figure is published.

Major releases

Which economic releases move the market most?

Central bank rate decisions, inflation reports and jobs data are the releases traders watch most, because they shape interest rate expectations. The table lists major recurring events, what each measures and which markets tend to react. It carries no dates or figures, so check the live release time before you trade.

ReleaseWhat it measuresMarkets that react
US Non-Farm PayrollsJobs added in the US economy outside farming in the previous month.USD pairs, US indices, gold
US CPIChange in consumer prices, the main inflation gauge.USD pairs, US indices, gold, bond-sensitive markets
FOMC rate decisionThe US Federal Reserve’s interest rate decision and policy statement.USD pairs, US indices, gold
ECB rate decisionThe European Central Bank’s rate decision, followed by a press conference.EUR pairs, European indices such as GER40
UK CPIChange in consumer prices across the United Kingdom.GBP pairs, UK100
BoE rate decisionThe Bank of England’s interest rate decision and vote split.GBP pairs, UK100
BoJ policy statementThe Bank of Japan’s policy decision and outlook.JPY pairs, JP225
China PMIA survey of purchasing managers that shows whether factory or service activity is growing or shrinking.AUD pairs, copper and other industrial commodities, Asian indices
Canada employment changeNet jobs added in Canada in the previous month.CAD pairs, oil
US crude oil inventoriesWeekly change in US crude oil stockpiles.Oil and energy CFDs, CAD

Risk warning. Prices can gap and spreads can widen around major releases, and stops may fill at a worse price. CFDs are leveraged and losses can exceed your deposit. Read the Risk Disclosure. Learn the terms in the glossary and size positions with the position size calculator.

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