Economic calendar

An economic calendar is a tool that displays scheduled economic data releases, such as GDP, CPI, and interest rate decisions, along with their expected and previous values. These events are typically categorized by country, time, and their potential impact level on specific currencies or assets.

For a retail trader, monitoring the economic calendar is crucial for risk management, as high-impact news can cause sudden and significant price volatility and spread widening. Trading during these periods without a clear strategy can lead to increased slippage or stop-loss activations, potentially resulting in larger than anticipated losses.