Which Economic Calendar?

[justinc]

Hi,

Fairly new to trading forex and been using ForexFactory calendar but I have recently noticed that the DailyFX calendar show news releases with different levels of importance to those of FF. Which is the best/most reliable?

 

[forker]

Its not a case of one being better than the other. You need to focus on data that affects currencies. Interest rates, labour, inflation, trade, central banks, market risk.

 

[justinc]

Hi Forker,

This is exactly my question though, which exactly are the news releases that affect currency the most. Take last week for instance - Monday 4th July

FF has construction PMI as HIGH importance:

http://www.forexfactory.com/calendar.php?

DailyFX has this as MEDIUM impact:

http://www.dailyfx.com/calendar?tz=...lse&cny=false&high=true&medium=true&low=false

As you can see when both calendars are filtered for EUR, GBP, USD then FF gives HIGH impact news on Monday, Tuesday, and Wednesday but the same news is only classed as MEDIUM on the DailyFX calendar.