The Economic calendar is a powerful tool that list all important and up-to-date information about economic events in the financial industry. The statistics from the Economic news calendar help traders to analyze the situation of Forex market and then make plans on the basis of the collective information.
The economic events are the news releases, report publications, statements by the government officials and other media that affect the price of the Forex quotes.
Economics is a field of study that certainly affected by real-world events uses the economic principles in practice by the followers of the fundamental analysis.
Economic calendar gather data for events and indicator analysis and help to predict the direction of the Forex market in the future. However, it can also be useful to follow Price Action strategies, to see the impact on the market volatility by the real-world events and list the actual impact on the currency.