Forex economic calendar
Professional traders keep track of the Forex calendar for major currencies daily. Days of public
holidays, to one degree or another, exert their influence on currency trading. The fact is that
these days the main players do not enter the financial market.
The central bank and large commercial banks are not working. In total, this creates a decrease in
liquidity in the market, which affects the movement of currency pairs. The low liquid market is
little predictable. On the one hand, volatility decreases due to reduced volumes of traded
currency. But, on the other hand, the presence of a large player in the market can not be ruled
out, which, having entered a large lot, can provoke a sharp price movement. In addition, most
brokers, while reducing volatility, expand the spread.
To the greatest extent, bank holidays Forex, have an impact on trading during their trading
session. For example, during the holidays in Japan, the large Tokyo Stock Exchange does not
work, which reduces volatility in its normal working hours. At other times, volatility declines
slightly or does not decrease at all. The most strongly affect the trade, holidays in countries with
large economies. Undoubtedly, the weekend has a great influence on the movement of the
national currency of the celebrating country, but it can not be said that there is no influence on
For ease of use, the calendar is presented in the form of a table, which indicates the date of the
holiday, the name and list of countries in which it is a day off. It is highly desirable to use the
calendar of bank holidays in your work, because it is these days that the technical picture of
currency pairs movement can be broken most often.