The economic calendar is used by traders not to track the days and months. This tool is needed to build a fundamental analysis that helps determine the behavior of prices of currencies, stocks, commodities on exchanges.
The economic calendar shows the exact time and date of events of various importance, which have a significant impact on the world economy. Knowing the time of publication of any indicator or report and having studied the predictions of analysts, the trader will be able to more accurately predict the market response to the announcement of these data.
The events that affect the rate of financial instruments include the growth or fall of the GDP of large world countries, data of the unemployment rate in the United States and Europe, the size of the interest rates of national central banks, production growth rates and inflation data. Experienced traders recommend to give a top priority for these indicators during your work with economic calendar.