Traders in the foreign exchange market pay close attention to global events by using an economic calendar. By having the release schedule for each economic indicator, a trader can anticipate when major movements will happen. The most influential events include interest rate decisions, non-farm payroll numbers, and changes in gross domestic product (GDP), Consumer Price Index (CPI) and Purchasing Managers' Index (PMI).
It’s important to note that there are several free resources available online that traders can use to help them determine the date/time of future market-moving events.
Investment dictionary. Academic. 2012.
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