A forex economic calendar gives real-time information on scheduled announcements of fundamental indicators and other events that could have an impact on currency exchange rates. Traders constantly adjust their bid and offer rates based upon their expectations of the outcome of these events.2
There are numerous forex economic calendars available on the internet, many of which are free to use.3 Some are integrated into online forex trading packages.
Typically, a forex economic calendar gives a week’s forward view of expected events, along with the currency principally affected and an estimate of the expected outcome. Once the event is past, the actual outcome is added for comparison.