cTrader x FXStreet Economic Calendar: Benefit Guide
|26 Jun 2019, 16:50||cTrader x FXStreet Economic Calendar: Benefit Guide#1|
cTrader Teamposts: 3396since: 23 Sep 2013
In constant effort to deliver an all-inclusive experience, we at Spotware chose to highlight the full scope of FX Economic Calendar integration benefits for our traders.
In a market booming with fundamental analysis tools, FXStreet Economic Calendar stands out as a market leader due to its legitimacy, reliability and full platform integration option. It's rightfully referred to as the most complete, accurate and timely economic calendar on the Forex arena－ a top choice of traders and brokers, who share the values of cTrader’s Traders First™ approach.
The economic calendar can be found on the right-hand side of your platform. Calendar data is displayed in chronological order, divided by day.
Why FXStreet Calendar on cTrader?
How to Read FXStreet Economic Calendar?
Calendar data is displayed in chronological order, divided by day. Generally speaking, the information one encounters in an economic calendar can be separated into events and data releases. Events include occurrences, such as Federal Reserve (Fed) Officials’ Speeches or ECB (European Central Bank) Meetings, whereas data includes economic reports, such as GDP (Gross Domestic Product), NFP (Nonfarm Payrolls), Unemployment Rate and more.
Both, events and data releases, have an impact on financial markets, and are hence used by traders to take more informed decisions. The calendar is automatically updated to ensure traders stays on track of the market situation.
Released data and past events in the FXStreet Economic Calendar on cTrader Web contain the time of release/event occurrence (i.e: 2 hours ago), whereas future data and events contain the time left until release/event occurrence (i.e: in 37 minutes). Past events and released data have a grey name color, whereas future events and releases – black, as you can see in the screenshot below.
Each data/event field is marked by name of the data/event (i.e. Senfix Investor Confidence). Additional information is made available by clicking on the field in question, to deploy a space as shown below.
Currency and Country
Flag icons in the right-hand column indicate the country of data release, as well as its currency symbol (i.e: Spain: EUR)
Volatility － an indicator of the expected impact of data on market movements, can be observed in the “Impact” column. Red and long bars indicate high expected impact, yellow and short bars － low, whereas orange － in between.
The “Actual” number column displays real data upon release, and is located on the right of the “Impact” column.
The “Consensus” number is the general forecast of experts on the outcome of the number.
The “Previous” data column, on the other hand, refers to the data in the last release (varying by frequency of data releases per event: last month, last quarter, last year etc.)
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