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Top 8 Forex Calendars in 2023

What’s very important for Macro FX traders is to know when and where related events takes place. There are all to many sources to get some information, some to get most information from and a few, where you can get the full and real overview of important macro events related to Forex. Here we’ll share our research with the goal of finding the best Forex Calendars out there with you.

The best general sources

Here are some of the best websites that offer calendars containing events related to forex speculation:

  1. Forex Factory – Forex Factory provides a calendar that tracks important economic events and releases, including central bank meetings, GDP reports, and employment figures. (See how to use and merege Forex Factory’s Calendar with your own further down this page)
  2. DailyFX – DailyFX provides a calendar of economic events and releases, along with real-time news and analysis to help traders make informed decisions.
  3. Trading Economics – Trading Economics provides a calendar of economic events and releases, along with a range of other financial and economic data, including historical data and forecasts.
  4. Investing.com – Investing.com provides a calendar of economic events and releases, along with real-time news and market data from a range of financial markets, including forex, stocks, and commodities.
  5. FXStreet – FXStreet offers a comprehensive economic calendar that tracks important events and releases, along with real-time news, analysis, and market commentary to help traders stay informed.
  6. Economic Calendar – The Economic Calendar provides a calendar of economic events and releases, along with real-time data on a range of financial markets, including forex, stocks, commodities, and bonds.
  7. Myfxbook – Myfxbook is a platform for forex traders that provides a calendar of economic events and releases, along with tools for tracking and analyzing your trading performance.
  8. FX Empire – FX Empire provides a calendar of economic events and releases, along with real-time news, analysis, and market commentary to help traders stay informed.

These calendars can be a valuable resource for forex traders, as they can help you stay informed about the events and releases that could impact the markets and your trades. However, it’s important to remember that past performance is not indicative of future results, and that no form of currency trading is completely safe.

The best specific sources

Federal Reserve System Fed of USA press conference concept. Microphones TV and radio channels with symbol and flag of US Federal Reserve. 3d illustration

For FED Rate Decisions and similar

Here are a few places where you can get information on Federal Reserve (FED) rate decisions and similar information quickly:

  1. Federal Reserve’s official website – The Federal Reserve’s official website is the best place to get official information on FED rate decisions and other monetary policy decisions. You can also find information on economic data releases, speeches, and minutes from meetings.
  2. Financial news websites – Financial news websites such as Bloomberg, Reuters, and CNBC offer real-time coverage and analysis of FED rate decisions and other financial news.
  3. Forex news websites – Forex news websites such as Forex Factory, DailyFX, and Investing.com offer real-time news and analysis of FED rate decisions and other events that could impact the forex market.
  4. Social media – Social media platforms such as Twitter and StockTwits.

ECB Rate Decisions

Over 2, 3 and 4 as above the ECB’s official website is recommended when ECB are breaking news – The ECB’s official website is the best place to get official information on ECB rate decisions and other monetary policy decisions. You can also find information on economic data releases, speeches, and minutes from meetings.

BOE Rate Decisions

As with the two above and at BOE’s official website – The BOE’s official website is the best place to get official information on BOE rate decisions and other monetary policy decisions. You can also find information on economic data releases, speeches, and minutes from meetings.

BOJ Rate Decisions

As with the ones above and BOJ’s official website – The BOJ’s official website is the best place to get official information on BOJ rate decisions and other monetary policy decisions. You can also find information on economic data releases, speeches, and minutes from meetings.

US Non-Farm payrolls

Here you can get the latest releases of non-farm payrolls quickly: U.S. Bureau of Labor Statistics (BLS) – The BLS releases the non-farm payroll report on the first Friday of every month. You can access the report on the BLS website as soon as it is released.

Best sources for breaking news related to Forex

Bloomberg mobile icon apps on the screen smartphone closeup. Bloomberg L.P. is a privately held financial software, data and media company. Moscow, Russia – November 28, 2020

Here are a few sources for breaking news in the forex market:

  1. Financial news websites – Websites such as Bloomberg, Reuters, and CNBC offer real-time coverage of breaking financial news and events, including those that could impact the forex market.
  2. Forex news websites – Forex news websites such as Forex Factory, DailyFX, and Investing.com offer real-time news and analysis of events that

Financial news websites and forex news websites are not always the first to show important news related to the forex market. The dissemination of news and information in the financial markets is a fast-paced and competitive process, with many sources competing to be the first to break important news. However, these websites are often among the first sources to provide in-depth analysis and commentary on the news and events that could impact the forex market.

It’s also worth noting that the speed and accuracy of news dissemination can vary depending on the source and the specific news item in question. For example, some news items may be covered by only a few sources, while others may be widely reported across many different sources.

In order to stay up-to-date on important news and events in the forex market, it’s best to use a combination of sources and to verify information from multiple sources before making any trading decisions.

The not so secret formula

Image by Gerd Altmann from Pixabay

What’s really important when you trade forex based on macro events is that:

  • You can trust the source
  • The speed you’ll get the data/news
  • The overview

In a formula setup: Trust x Speed x Overview = Profit

If you can’t trust the information, then it’s worthless. If you get it to late, then it’s less valuable for every second you lose compared to other traders. If you cannot get an good overview you might miss important aspects in any release or breaking news causing you to enter bad trades.

The two first parts should be good with all sources above, so what you need to do is to find out, which of the setups above that gives you the overview as an eagle in the sky looking for pray πŸ˜‰

How to use Forex Factory’s Calendar

YouTube – ForexBoat – How to use The Forex Factory Economic Calendar

How to merge Forex Factory’s Calendar with Apple iCloud Calendar

To merge Forex Factory’s calendar with your Apple calendar, you can follow these steps:

  1. Open Forex Factory’s calendar in your web browser.
  2. Click on the “Calendar” tab on the top menu.
  3. Select the currency pairs or news events you are interested in tracking by clicking on the respective checkboxes.
  4. Click on the “Export” button at the bottom of the page and select “iCalendar (.ICS)” format.
  5. Save the file to your computer.

Now, to add the Forex Factory calendar to your Apple iCloud calendar:

  1. Open the “Calendar” app on your Apple device.
  2. Click on “File” from the top menu and select “Import”.
  3. Locate the saved ICS file on your computer and click “Import”.
  4. The events from the Forex Factory calendar will now be added to your Apple calendar.

You can also set up automatic updates for the Forex Factory calendar in your Apple calendar:

  1. Click on the “Calendar” menu in the top left corner of the app.
  2. Select “Preferences” and then click on the “Accounts” tab.
  3. Click the “+” button to add a new account, and select “Other” from the list of options.
  4. Choose “Add subscribed calendar” and paste the URL of the Forex Factory calendar’s ICS file.
  5. Click on “Subscribe” and the Forex Factory calendar events will now be updated automatically in your Apple calendar.

Important markets and events

United States

The importance of the US economic calendar to forex traders
Image by Olya Adamovich from Pixabay

The US economic calendar is important to forex traders because economic indicators and events can have a significant impact on the value of currencies, including the US dollar. Forex traders use the US economic calendar to track and anticipate upcoming economic data releases and events that could impact the currency markets.

When economic indicators or events are released, traders may adjust their positions in anticipation of currency movements. For example, if an economic report indicates that the US economy is growing at a faster rate than expected, this could lead to an increase in demand for the US dollar, causing its value to appreciate. Conversely, if an economic report indicates weakness in the US economy, this could lead to a decrease in demand for the US dollar, causing its value to depreciate.

Forex traders may also use the US economic calendar to stay informed about changes in US monetary policy, such as interest rate decisions made by the Federal Reserve. Changes in interest rates can impact currency values by affecting the flow of capital in and out of a country.

In short, the US economic calendar is important to forex traders because economic data and events can significantly impact currency values, and staying informed about these developments is essential for making informed trading decisions.

Some of the most important US economic events that forex traders pay attention to include:

  1. Non-Farm Payroll (NFP) Report: This is a monthly report released by the US Bureau of Labor Statistics that provides information on job creation and unemployment rates in the US. The NFP report is considered one of the most significant economic indicators and can greatly influence the direction of the USD and other currencies.
  2. Gross Domestic Product (GDP): The GDP is a measure of the value of all goods and services produced in the US over a specified period. A higher GDP is generally viewed as positive for the economy and can result in a stronger USD.
  3. Consumer Price Index (CPI): The CPI measures the change in the price of goods and services purchased by consumers. Forex traders pay attention to the CPI as it can indicate inflationary pressures, which can impact interest rates and the value of the USD.
  4. Federal Reserve Policy Announcements: The Federal Reserve is responsible for setting monetary policy in the US, including interest rates. Forex traders pay close attention to policy announcements as they can provide insight into the future direction of interest rates and the value of the USD.
  5. Retail Sales: Retail sales data provides insight into consumer spending, which is an important driver of economic growth. Higher retail sales figures can be positive for the USD, while weaker figures can result in a weaker currency.

So, forex traders pay close attention to the US economic calendar and events to stay informed about potential market-moving developments that could impact the value of the USD and other currencies.

Canada

Why the Canadian calendar matters to forex traders
Image by ElasticComputeFarm from Pixabay

The Canadian economic calendar can matter to forex traders, particularly those who trade the Canadian dollar (CAD) or who trade pairs that include the CAD, such as the USD/CAD or EUR/CAD.

The Canadian economic calendar includes important economic indicators such as Gross Domestic Product (GDP), inflation, employment data, trade balance, and retail sales. These indicators can have a significant impact on the value of the CAD and therefore, the value of CAD-based currency pairs.

For example, if the Canadian economy shows strong economic growth, low unemployment, and rising inflation, the CAD may strengthen against other currencies. Conversely, weak economic data can lead to a depreciation of the CAD.

Therefore, forex traders who trade the CAD or CAD-based pairs should monitor the Canadian economic calendar to stay informed about upcoming economic data releases that may impact their trades. By doing so, traders can make more informed trading decisions and potentially profit from market movements.

UK

Why the UK economic calendar are of importance to forex traders
Image by No-longer-here from Pixabay

The UK economic calendar is important to forex traders because it provides valuable information about the state of the UK economy and can impact the value of the British pound (GBP) in the forex market. Economic indicators such as GDP, inflation, employment, and manufacturing data can provide insight into the health of the UK economy and can influence monetary policy decisions made by the Bank of England.

Forex traders use this information to make informed trading decisions, as changes in economic data can affect the value of the GBP relative to other currencies. For example, if the UK releases positive economic data, indicating a strong economy, it may increase demand for the GBP and cause it to appreciate against other currencies. Conversely, negative economic data can lead to a decrease in demand for the GBP and cause it to depreciate.

In addition to economic data, events such as central bank meetings, speeches from policymakers, and political developments can also impact the value of the GBP. Therefore, keeping track of the UK economic calendar and staying up-to-date on important events is crucial for forex traders looking to make profitable trades in the GBP.

Australia

Why the Australian economic calendar are of importance to some forex traders
Image by Rebecca Lintz from Pixabay

The Australian economic calendar is important to forex traders because it provides information about the state of the Australian economy and can influence the value of the Australian dollar (AUD) in the forex market. Economic indicators such as GDP, employment, inflation, and trade data can provide insight into the health of the Australian economy and can affect monetary policy decisions made by the Reserve Bank of Australia (RBA).

Forex traders use this information to make informed trading decisions, as changes in economic data can impact the value of the AUD relative to other currencies. For example, if the Australian economy releases positive economic data, indicating a strong economy, it may increase demand for the AUD and cause it to appreciate against other currencies. On the other hand, if the economic data is negative, it may decrease demand for the AUD and cause it to depreciate.

In addition to economic data, events such as central bank meetings, speeches from policymakers, and political developments can also influence the value of the AUD. Therefore, keeping track of the Australian economic calendar and staying up-to-date on important events is crucial for forex traders looking to make profitable trades in the AUD.

Why should I use breaking news from economic calendar when I trade Forex?

Using breaking news from the economic calendar can be beneficial when trading Forex because it can provide valuable insights into market-moving events that can affect currency prices. Economic calendars typically include scheduled announcements of important economic data releases, central bank decisions, and other events that can impact the currency markets.

Traders who monitor breaking news from the economic calendar can position themselves to take advantage of these market-moving events. For example, if a major economic indicator such as GDP or inflation is released with a better-than-expected reading, it could lead to an increase in demand for the currency of that country and cause its value to rise against other currencies. In this case, traders who are positioned long in that currency could potentially profit from the price increase.

On the other hand, if a central bank makes a surprise decision to lower interest rates or issue a dovish statement, it could lead to a decrease in demand for the currency and cause its value to fall against other currencies. In this case, traders who are positioned short in that currency could potentially profit from the price decrease.

By keeping track of breaking news from the economic calendar, traders can make informed trading decisions and take advantage of potential market opportunities. However, it’s important to keep in mind that trading based on news releases can be risky and requires careful analysis of the market and the specific news event.

How to Start Trading Forex on Macro Calendar Events

If you already trade Forex and want to start trading on economic calendar events, here are some steps you can take:

  1. Familiarize yourself with economic events: Get to know the most important economic events that can impact the Forex market. This includes events such as GDP, inflation, employment data releases, and central bank meetings. Follow economic news sources to stay up-to-date on the latest economic events and their potential impact on the market.
  2. Analyze the market: Analyze the market using technical analysis tools such as moving averages, support and resistance levels, and trend lines. Consider how economic events may impact the market and how this may affect your trades.
  3. Create a trading plan: Develop a trading plan that takes economic events into consideration. Identify potential trading opportunities based on economic events and set entry and exit points for your trades. Be sure to include risk management techniques in your trading plan to help minimize potential losses.
  4. Monitor economic events: Stay on top of scheduled economic events and their release times. This will help you to be prepared to take advantage of potential trading opportunities when they arise.
  5. Be disciplined: Stick to your trading plan and avoid making impulsive trading decisions based on economic news. Remember to use risk management techniques to minimize potential losses.
  6. Continuously evaluate and adjust your strategy: Continuously evaluate the effectiveness of your trading strategy and make adjustments as needed based on market conditions and economic events.

Overall, trading on economic calendar events requires careful analysis and a disciplined approach to trading. By staying informed and having a solid trading plan in place, you can potentially take advantage of market opportunities created by economic events.

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