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High-impact releases only. Times in UTC.
| Date | Time (UTC) | Currency | Event | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| 09:00 | EUR | German Ifo Business Climate | 90.2 | 90 | 89.9 | |
| 12:30 | USD | Durable Goods Orders MoM | 1.8% | 1.5% | 0.1% | |
| 07:00 | EUR | German GfK Consumer Confidence | -30.8 | -30.9 | -30.6 | |
| 12:30 | GBP | Autumn Forecast Statement | — | — | — | |
| 12:30 | GBP | Autumn Budget | — | — | — | |
| 13:45 | CAD | BoC Monetary Policy Report | — | — | — | |
| 13:45 | CAD | BoC Interest Rate Decision | 2.5% | 2.5% | 2.25% | |
| 18:00 | USD | FOMC Statement | — | — | — | |
| 18:00 | USD | Fed Interest Rate Decision | 4% | 4% | 4% | |
| 18:30 | USD | Fed Press Conference | — | — | — | |
| 05:00 | JPY | Consumer Confidence | 35 | 35.1 | 35.4 | |
| 12:30 | USD | Core PCE Price Index MoM | — | 0.3% | 0.2% | |
| 12:30 | USD | GDP Growth Rate QoQ Adv | — | 3.2% | 2.2% | |
| 12:30 | USD | Personal Income MoM | — | 0.3% | 0.2% | |
| 12:30 | USD | Personal Spending MoM | — | 0.6% | 0.9% | |
| 13:15 | EUR | Deposit Facility Rate | — | 2.5% | 2.5% | |
| 13:15 | EUR | ECB Interest Rate Decision | — | 2.65% | 2.65% | |
| 13:45 | EUR | ECB Press Conference | — | — | — | |
| 03:00 | JPY | BoJ Interest Rate Decision | — | 1.25% | 1.25% | |
| 06:30 | EUR | French GDP Growth Rate QoQ Prel | — | 0.1% | 0% | |
| 06:30 | EUR | French GDP Growth Rate YoY Prel | — | 0.3% | 0.5% | |
| 07:45 | EUR | French Inflation Rate YoY Prel | — | 3.2% | 3.1% | |
| 08:00 | EUR | Spanish GDP Growth Rate QoQ Flash | — | 0.6% | 0.7% | |
| 08:00 | EUR | Spanish GDP Growth Rate YoY Flash | — | 2.7% | 2.6% | |
| 09:00 | EUR | Italian GDP Growth Rate YoY Adv | — | 0.9% | 1% | |
| 09:00 | EUR | German GDP Growth Rate QoQ Flash | — | 0.1% | 0.3% | |
| 09:00 | EUR | Italian GDP Growth Rate QoQ Adv | — | 0.1% | 0.2% | |
| 09:00 | EUR | German GDP Growth Rate YoY Flash | — | 1.1% | 1% | |
| 10:00 | EUR | GDP Growth Rate YoY Flash | — | 1.1% | 1.2% | |
| 10:00 | EUR | Italian Inflation Rate YoY Prel | — | 4.6% | 4.2% | |
| 10:00 | EUR | GDP Growth Rate QoQ Flash | — | 0.2% | 0.6% | |
| 13:00 | EUR | German Inflation Rate YoY Prel | — | 3% | 3.3% | |
| 01:30 | CNY | NBS Manufacturing PMI | — | 50 | 50.1 |
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The economic calendar is one of the most important tools for any forex and CFD trader. It lists upcoming economic events — such as interest rate decisions, employment reports, GDP releases, and inflation data — that can cause significant price movements across currencies, commodities, and indices.
High-impact events (marked in red) can move markets by 50–200 pips within minutes. Professional traders plan their week around the economic calendar, avoiding new positions before major releases or positioning themselves to take advantage of expected volatility.
The calendar shows the previous value, forecast (market consensus), and actual result for each indicator. When the actual result deviates significantly from the forecast, expect sharp price movements — this is where opportunities (and risks) arise.
The highest-impact events include: Non-Farm Payrolls (NFP) (US employment, first Friday of each month), Federal Reserve interest rate decisions, CPI/inflation data, GDP releases, and central bank press conferences (ECB, BOE, BOJ). These events can move major pairs by 50–200 pips.
When economic data comes in better than the forecast, it typically strengthens the country's currency. When data disappoints, the currency weakens. The size of the move depends on how far the actual result deviates from the market consensus — a small surprise may cause a 10-pip move, while a large surprise can trigger 100+ pips of movement.
It depends on your strategy. Most retail traders are advised to avoid trading during high-impact events due to increased volatility, widened spreads, and potential slippage. News traders specifically target these events, but this requires experience and fast execution. If you're unsure, close or reduce positions before major releases.
The economic calendar automatically detects and displays events in your local timezone. You can verify this in the calendar settings. GCC Brokers MetaTrader 5 server time is GMT+3 in summer and GMT+2 in winter.
The calendar updates in real time. Actual values are published within seconds of the official release. Forecasts are updated as market consensus shifts in the days leading up to each event.
