The economic calendar is an essential tool in trading, providing important macroeconomic data from around the world. It displays announcements from various countries, including time, market impact (low, medium, high), announcement details, and forecasts.
Customisation
The calendar can be customized by selecting which countries to follow and adjusting the importance level of events. Low-impact events can be turned off, while the focus can be placed on medium and high-impact events. An alert timer is available, often set to ten minutes before an event, which is useful for tracking events that could influence global markets.
Alerts
Each announcement shows the actual data, forecast, and previous data. The info button provides additional details about the event, including why it matters to traders. Alerts can also be set for specific events.
Alerts are a key feature. When set, a countdown clock appears, and as the event time approaches, it will show "due." Once the event occurs, Dow Jones updates the information, which appears in the tab. This feature is also available on mobile platforms and sends push notifications when set up.
The calendar can be viewed daily, weekly, or monthly, with easy navigation to any date. Today’s date is always highlighted in blue. Red-impact events are particularly important as they can significantly affect various markets, especially those related to major currencies like the US dollar or UK pound. Alerts for red-impact events are useful to ensure important announcements are not missed, as they can impact open positions.
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