Economic calendar is a special tool for traders that helps to track important financial events that can affect underlying economies and initiate prices movements. Economic calendars are in demand because they help to take into consideration global events.
Time: News release time.
Country: Shows picked currency. Can include all currency pairs with affected value.
Impact: Shows a possible level of news influence on the market.
Event: News event name.
Previous: Backward data.
Forecast: Prediction of a possible result.
Actual: News event result.
Expect volatility in corresponding value, if published actual data is different from forecasted data. High difference can cause high variability. Impact index shows the level of expected volatility.