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Many assets become volatile in and around certain financial events.
For example, the monthly Non-Farm Payroll report often impacts the US dollar. To seise relevant opportunities when the market is moving, it is important to stay updated on recent happenings and upcoming events in global markets. eToro’s Economic Calendar has all the relevant events and details regarding which currency they affect together with their level of importance.
You can use the economic calendar to plan trades and future orders, as well as to be alerted about upcoming market events – including national interest rates, inflation levels, trade balances, oil and natural gas stockpiles, monthly jobs reports and more.
The economic calendar can also be accessed via the platform’s main menu.
Economic events are defined as having economic significance to the value of shares, indices, commodities and other financial instruments, and encompass any internal or external occurrence that can affect their performance (primarily, supply and demand).
An economic event can either strengthen, weaken, or have a neutral effect on the instrument or instruments it correlates to.
Foreign currency exchange rates (also known as Forex), are influenced by an array of political and economic factors relating to the difference in value of a currency or economic region, such as the euro (EUR) in relation of another country's or economic region's currency, such as the United States dollar (USD).
The main factors affecting currency exchange rates are the terms of trade, political stability and overall economic performance between the two countries or regions. This also refers to their economic growth (for example GDP growth rate), economic health, interest rates, inflation rates and balance of payments (i.e. exports, imports, and government debt).
The United States Non-Farm Payrolls report (NFP) is an example of a major economic event that is related to Forex. The NFP typically affects the following currency exchange rates: EUR/USD, GBP/USD, and USD/JPY.
A company's stock price typically rises or falls according to changes in its competitive position in the market. Various factors affect the competitive position of a company, including news releases issued by, or in relation to, the company's financial performance, as well as corporate events (dividends, earnings reports, spin-offs, rights issue, etc).
Gotel Economic Calendar allows you to filter Corporate Events by Dividends and Earnings Releases within defined and customised time frames.
A quarterly earnings report for Facebook (FB) is an example of a corporate event that affects a stock’s price.
A stock index is a weighted average (or benchmark) of prices for a selected basket of companies listed on a stock market. The value of a stock index is determined according to factors such as place of listing, type of security, market capitalisation and the weightings of constituents. Popular stock market indices from across the world include: UK 100, US-TECH 100, Japan 225 and France 40.
One of the main factors affecting an index CFD is the percentage changes in the value of a stock which forms a significant constituent of that index, and/or the average percentage change of a group of shares in a particular industry, sector or category. Investors' overall confidence and expected economic growth of a country's stock market may also influence the price of its indices.
Germany Services PMI is an example of an economic event that can affect the price of the Germany 30 index, as well as other shares listed on the German stock exchange.
* Based on revenue excluding FX (published half yearly financial statements, June 2019). While leverage magnifies profits, it will also magnify losses. Guaranteed stops incur a small premium if triggered.
Remember that CFDs are a leveraged product and can result in the loss of your entire capital. Trading CFDs may not be suitable for you. Please ensure you fully understand the risks involved.
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