An economic calendar is a useful tool for traders to learn about upcoming news events that can shape their fundamental analysis. The events on the calendar are graded low, medium and high, depending on their likely degree of market impact.
Reading the economic calendar is easy. It contains the following parameters: the time of the news, the country index, period, previous value, forecast, the actual value, the degree of importance.
Which forex news are the most important? The first one is the discount rate, gross domestic product, unemployment data, sales data for new building, inflation.