Navigating Economic Calendars
Economic calendars are available for free from financial and economic websites. These calendars vary from site to site, however, and although it is referred to as “the economic calendar,” the actual calendar listings depend on the focus of the website and the events the users of the website are likely to be interested in. For example, the economic calendar on many websites lists only events in the United States as these events have a large market impact. There are other sites that allow the user to build their own economic calendar by using filters to display or hide events.
While these free calendars can be a useful starting point, most traders customize a calendar of their own based on the types of trades they prefer and the asset classes and regions they are comfortable with. Moreover, a customized economic calendar doesn’t need to be limited to government and central bank releases. A trader may, for example, create an economic calendar around the major releases from oil producing regions while also incorporating the U.S. Energy Information Administration weekly petroleum status report and the quarterly filing dates of the oil sector companies he follows. In this way, an economic calendar becomes a customizable trading tool like an indicator alert.