Does economic calendar has effect on the financial market?

[Potuse]

An economic calendar refers to all the scheduled date for events and news release. These are the things that affect the currency exchange rates and it also has a great influence on the financial market as a whole.

 

[Ononivami]

It is important for a the trader to follow the economic calendar because this is what will help his fundamental analysis and he would be able to make a proper decision while trading.

 

[Yohanna]

The economic calendar has a great influence on the market sentiment in a great way and that is why it is important to take into consideration the market sentiment whenever you are analysing the market.

 

[Planbizzle]

Traders use the economic calendar as an instrument to keep track of impending events that may have an impact on the markets. Trading professionals can plan ahead and modify their strategies by keeping an eye on the economic calendar.

 

[Nomad]

The economic calender influences the financial markets in many ways. At the beginning of the economic calender, the government releases an annual budget that states not only funds allocation for various sectors but also policies on taxation. When the rules governing taxes, are changed, everything will be changed, thus causing a lot of positive and netagive effects on the market.