Forex factory us gdp

Gold faces headwinds from strong China factory data

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The impact column is a small folder like icon and comes in three colors. Yellow, orange and red. You will also find a grey folder icon. The grey folder icon means that the currency is on a bank holiday.

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This means that there will not be any news releases for that currency. The yellow folder icon shows low impact events. The orange folder shows medium impact events. You can find a majority of economic news schedules coming under this category. The news impact of the orange folder icon can depend on market conditions. Finally, the red folder icon are high impact news releases.

These news releases tend to have the ability to move the markets strongly. Some examples of events under the red category include central bank interest rate decisions, GDP releases, unemployment report and so on. The next column is the events section. This is a brief description of the event. The next column is the detail. When you click on this icon, the news item expands and gives you more details. Here, you can find an explanation of the economic event and the source of the news as well as the effect it can have in the markets. You will also be able to see the next scheduled release and other information worth reading.

The right side of the expanded box shows a list of news articles and headlines. You can click on this to read more. You can also click on graph, which is the same as clicking on the graph icon on the extreme right. The remaining sections are Forecast, Actual and Previous. The forecast column is what the markets are expecting from the news release while the actual is the actual number that is released. The previous column shows that most recent previous result of the news event.

Gross Domestic Product

We have already discussed how you can customize the time of the economic calendar to reflect your local time zone. Besides this, you can also further customize the economic calendar to show:.

To customization you can click on the filter icon on the right side which allows you customize the economic events. The filter icon on the left side allows you to select the duration of the calendar. After you click on the filter icon on the top right side of the economic calendar, you will see an expanded box as shown below. As you can see, by checking the boxes you can filter out the economic calendar. Starting from the left side, you can choose all or only a few currencies of your choice.

The currency that you check is the currency that you will see on the calendar. The left side top corner is where you will filter by the impact type. You can usually uncheck the grey folder icon as it only shows holidays. Depending on your choice, you can choose to see either all or only high impact news releases. This is ideally used by professional or experienced traders. You can filter events such as only inflation data for example or just check all. The next customization you can do is the duration.

To do this, click on the date that you see which will open an expanded box. As you can see, you will be able to select a duration of your choice. You can also select the drop down next to the Default View to see whether you want to see data only for today, tomorrow, this week or next week. Once you make the above customizations you can have your own personalized forex factory economic calendar.

With the above customizations you are now able to create your own economic calendar of your choice.

What is an economic event?

For example, if you only trade the EURUSD currency pair and you are based in Asia, then you can set the time in forex economic calendar to your local time zone. You can then customize the forex factory economic calendar to only show you high and medium impact news releases only for the EUR and the USD currencies.

My trading career started in Since I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. The following performance was achieved by me while trading live in front of hundreds of my clients :. Connect With Me:. Results From 5 Months!

This service starts soon! Be the first who get's notified when it begins! Request Indicator. Yes, I want to receive emails with explanations regarding the tool and the newsletter. The following performance was achieved by me while trading live in front of hundreds of my clients : Connect With Me:. As weve already mentioned, there are three versions of the GDP figures — advanced, preliminary and final.

But keep in mind that it is not just the individual releases that matter, rather the relation between them.

Global Economic Prospects

Experienced market players will first take into account the advanced reading when trading and later they will emphasize any differences when comparing the advanced with the two later readings. For example, a final release of 2. An economic expansion figure always fans positive sentiment, but its effect on the markets is at least partially muted when the final GDP figure trails the advanced reading.

Source: U. Census Bureau. There are three basic types of market reactions an investor or trader can expect when it comes to release of GDP figures. A lower-than-expected GDP reading will generally cause a sell-off of the domestic currency relative to its counterparts. For example, a worse-than-expected GDP growth in the U. Additionally, the more an actual GDP reading trails economists projections, the sharper the greenback will decline. A reading matching expectations will require additional analysis and comparison by market players.

Since advance and final values match and there is nothing to compare here, the trader will need to collate the current figure to the previous quarters and most often even the previous years reading. This ensures a better evaluation of the current situation but since this analysis is not that straightforward and different investors opinions will vary, you can expect the resulting price action to be mixed as the market sorts out the details.

A faster-than-expected economic expansion will generally support the underlying currency versus its trading peers. In our case, a stronger U. GDP figure will to benefit the U. The higher the final GDP reading is, the stronger the support for the greenback will be, therefore the most it will advance. Markets respond the most to the release of GDP figures from the United States, Euro zone, Great Britain and Japan, because the economic dynamics of these countries have the strongest effect on overall market sentiment and trends.

Therefore, traders should diligently monitor the GDP numbers of these countries but the greatest attention should be paid toward growth figures from countries whose currencies you trade. You can observe the downward move of the pair due to the stronger dollar at the time of release of GDP data GMT. Data showed 4.

Source: MetaTrader 4 by MetaQuotes. An increase in a countrys Gross Domestic Product of between 3. Conversely, a falling GDP figure signals economic slowdown with decreasing overall demand, leading to a rise in unemployment and stalling business cycle. Skip to content « Monetary Aggregates.

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