News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • AUD/NZD, Could This be the Turnaround? - #AUDNZD chart on @TradingView https://t.co/Hl6VSfO5R8
  • Another pleasure being on @ausbiztv with host @AusAndrewG talking about US indices, rising bond yields and $USDJPY Check out the full interview here! - https://t.co/GWWCZ7t9Tf https://t.co/WmqUvCMvpZ
  • 🇦🇺 Retail Sales MoM Prel (AUG) Actual: -1.7% Previous: -2.7% https://www.dailyfx.com/economic-calendar#2021-09-28
  • 🇨🇳 Industrial Profits (YTD) YoY (AUG) Actual: 49.5% Previous: 57.3% https://www.dailyfx.com/economic-calendar#2021-09-28
  • (APAC Stocks Briefing) Dow Jones Gains as Nasdaq 100 Sinks, Crude Oil Boosts Energy Stocks. ASX 200 in Focus #DowJones #CrudeOil #NASDAQ #ASX200 https://www.dailyfx.com/forex/market_alert/2021/09/28/Dow-Jones-Gains-as-Nasdaq-100-Sinks-Crude-Oil-Boosts-Energy-Stocks-ASX-200-in-Focus.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/yTN6C2IOvV
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/kbV2qS0Mph
  • Heads Up:🇨🇳 Industrial Profits (YTD) YoY (AUG) due at 01:30 GMT (15min) Previous: 57.3% https://www.dailyfx.com/economic-calendar#2021-09-28
  • Heads Up:🇦🇺 Retail Sales MoM Prel (AUG) due at 01:30 GMT (15min) Previous: -2.7% https://www.dailyfx.com/economic-calendar#2021-09-28
  • Join @FxWestwater at 22:00 EST/2:00 GMT for a webinar on preparing to trade commodities markets in the week ahead. Register here: https://t.co/qTOa61aMmN https://t.co/0215tACld8
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out https://t.co/c51s3IBcEu https://t.co/Dq7umm2uyz
The Economic Calendar

The Economic Calendar

Thomas Long, Course Instructor

Answer:  None….technical indicators cannot predict the future.  They may show changing momentum, but that does not mean a top or a bottom is in place.

Question:  What can you use to help you identify a potential top or a bottom in the market?

Answer:  An economic calendar.

Why?  It is the fundamentals of the market that determine the tops and the bottoms while the technicals show us how we get between those two points.  Major tops and bottoms are typically a result of a changing interest rate environment and have nothing to do with the status of Stochastics, RSI, MACD etc.

This is one of the reasons that most professional traders use both fundamental and technical analysis in their trading approach.  They follow any event that influences interest rates as they know that higher interest rates usually lead to a higher currency value while lower interest rates usually lead to a lower currency value.  So they will check out an economic calendar at least once a week to be aware of what is being released during the week so they can be prepared.  But you don’t have to be an economic expert to be successful at trading.  You can let the analysts at DailyFX handle that for you.  Each week you will see reports on what scheduled news events can cause volatility in the market.  The DailyFX analysts will also offer an educated guess on how the market might react to that event.  You can also go to the economic calendar at http://www.dailyfx.com/calendar/ to see what will be released yourself.  This is an example of what you will find on the calendar.  If you are not sure the significance of any of these events, follow the analysts at DailyFX and they can help you understand, which can lead to better trading results.   

calendar

 

 

 

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES