It is used by traders as well as investors to monitor market movement, such as economic indicators and monetary policy decisions. Economic events, which are typically announced or released in a report, have a high probability of impacting the financial markets.An economic indicators allow traders to analyses the economic performance of a state, country or region, as well as make forecasts about future performance.
For example, each quarter the United Kingdom releases data on gross domestic product(GDP). This economic indicator allows Calender traders to analyses the performance of the UK economy over the previous three-month period, and make comparisons against the previous year. How fast the UK economy grows can have a significant impact on market behavior and economic indicators are usually released by governments, international organizations and private research firms.
Real Time Economic Calendar provided by urduforextraining.com.
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