Economic calendar
SonicProp Economic Calendar: Up-to-date Data to Strengthen Your Strategy
SonicProp Economic Calendar: Up-to-date Data to Strengthen Your Strategy
SonicProp Forex Economic Calendar keeps you informed about important economic events that may affect market volatility with fast, real-time data flow.
Governments and various sectors around the world continuously measure and report economic growth and data. A reliable economic calendar is one of the most valuable tools for every investor.
For example, when important data such as the U.S. Non-Farm Payroll is announced, significant movements and price gaps may occur in currency pairs like EUR/USD. If prices create a gap of 50 pips, it means there is no liquidity in that range; you cannot trade, open, or close a position.
Having open positions during the announcement of significant economic or geopolitical news can be risky. High volatility can occur within seconds right after such news events.
Learn to Use the Economic Calendar
Thanks to these details, SonicProp users can understand the effects of economic events and create more informed trading strategies.
Previous Month's Value:
It shows the results of the previous month and may sometimes be subject to updates. This surprise update can lead to volatility.
Estimate or Consensus Value:
It shows the forecast made according to the predictions of economic analysts.
Real Value:
If it is the actual report value and is significantly different from the estimate, it can create volatility.
Effect:
The potential impact of the report is indicated by the colored icon next to the event name. Red signifies high impact, while orange indicates medium impact.