Sessions and events
Economic calendar
A schedule of upcoming data releases with their expected impact, previous readings and forecasts. Checking it before a session is the cheapest risk control available to a trader.
GFN’s figure
GFN's funded-account news rule keys off relevant red-label or high-impact releases, with a window of 3 minutes before and 3 minutes after. Checking the calendar is how a trader knows where those windows fall.
In detail
Economic calendar,explained
The calendar's main use is not finding trades but avoiding surprises: knowing that a high-impact release lands in twenty minutes changes whether a position should be open at all.
Impact ratings are a rough guide rather than a rule, and the classification of a release as high-impact is what a news-window restriction usually keys off.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
News trading
Trading around scheduled economic releases, where volatility and spreads both spike at once. The strategy depends on execution quality at exactly the moment execution quality is at its worst, which is why most firms restrict it on funded accounts.
Non-farm payrolls
The monthly US employment report, released on the first Friday of the month at 08:30 Eastern. It is the single most disruptive scheduled release for dollar pairs, gold and US index instruments.
FOMC
The Federal Open Market Committee, the body that sets US interest rates. Its scheduled decision, written statement and press conference move every dollar-denominated market, usually in two distinct waves about half an hour apart.
CPI release
The monthly consumer price index, the headline measure of inflation. It drives interest rate expectations more directly than almost any other release, which is why it moves currencies, metals and index instruments simultaneously.
Interest rate decision
A central bank's scheduled announcement of its policy rate. Rate differentials drive currency valuations, so these decisions and the guidance attached to them are the largest scheduled events in forex.
Also governed by /rules/news-trading
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