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Margin FX
Trading

How to read a margin FX calendar

Pepperstone
Pepperstone
Trading Guides
19 Aug 2022
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What is a margin FX calendar?

The margin FX calendar, or economic calendar as it is more commonly known, highlights the schedule of economic events and data releases. They vary from growth figures to inflation or interest rate decisions and employment.

Depending on how ‘high impact’ the data release is, and how far the result deviates from the consensus, they can have a dramatic impact on the margin FX markets.

How do I interpret the data from the margin FX calendar?

An economic release will have a scheduled time, the country of origin, what data is due, and an explanation of that data being released. On the right-hand side of the calendar, you will see the data points.

Prior is the figure from the last data release. Forecast is what the consensus is for this data release and actual is updated when the data is published.

Looking at the prior and the forecast you may be able to decipher if the trend is getting better or worse. For example, the US CPI (consumer price index) is an inflation indicator. The prior figure was 5.9% with the expected 6.1%. The trend seems to be getting higher.

Preview

Figure 1 margin FX calendar CPI

If the actual figure deviates greatly from the consensus, then traders can, and do react by buying or selling currencies.

How do I place filters on the Margin FX calendar?

There are two filters at the top. Highlight the first TAB and you receive only high impact data releases. Click on the globe and you can filter data for only those countries that you are interested in.

Preview

What are the high impact events I should be aware of?

  • Employment figures. The most widely watched is the Non-farm Payroll figures from the USA.
  • Interest rate decisions and National Bank speakers.
  • Growth figures such as GDP (Gross Domestic Product).
  • Inflation, retail sales and manufacturing.

To access the Pepperstone margin FX calendar click on this link.

The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research we will not seek to take any advantage before providing it to our clients.

Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.

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