About Finotec Economic Calendar

An Economic Calendar is a special type of financial calendar that provides updated (usually on an hourly basis) information of scheduled major economic figures and government reports. Market players such as financiers and traders benefit from the information provided in the economic calendar. Apart from economic numbers and government reports, economic calendars also carry speeches of the most influential persons from the relevant business field.

By economic numbers here, we mean information such as consumer price index (CPI – a measure of inflation), jobless claims, various indices, earning reports, economic summaries, Gross Domestic Product (GDP) etc. Economic Number is also termed as Economic Indicator or Business Indicator.

Let me explain further about economic calendar with an example of how one can benefit by only a glance of it. International Herald Tribune reports on August13, 2008 as such: “On the economic calendar, Bank of England's Q3 inflation report due at 10:30 a.m. may offer market direction, while United State’s retail sales numbers for July from 1:30 p.m. could give further economic indicators.”

With time and development, Economic Calendars have also put on the jacket of technology. It is now available online with the help of internet. Online Economic Calendar provides perspective and insight on how market events impact investment strategies. The calendar has taken the shape of easy to learn and understand the economic world as a whole.

Sometimes Economic Calendar is also known as Economic Data Release Calendar or Calendar of Economics.