How to read economic calendars for IQ Option trading

Accessing economic calendar at IQ Option

You have options for a calendar to use like a forex calendar, earning calendar, and a crypto calendar. You can find these calendar options on the left-hand side panel in the market analysis section at the IQ Option trading platform.

Accessing economic calendars at IQ Option platform

Forex Calendar

Let us take the Forex calendar and study it. Open the forex calendar and you will find a list of economic reports that are released by the country which is indicated by the flag. Open the report which you want to by clicking on its name.

After selecting the report, a new tab will open where you will see the release date and the period that it covers. You will also find the three values: currently, forecast, and previous.

Currently is one of the three values which means actual reading that appears at the time of release. This field will remain empty if a report has not been released. There is also a forecast that reflects the predictions of an average analyst before the news release

Secondly, the value that is published in the previous release is known as ‘Previous’. The volatility index follows each event which may be low, medium, or high. This volatility index represents how much a report can influence the volatility of assets.

Structure of Forex Calendar

You also have an option to set the filter releases by volatility impact, country, or category just by clicking on the settings icon. There is a general rule for reading the forex calendar which is “Currency will appreciate if the actual reading is better than the forecast”

And the currency will depreciate if it is worse than the forecast. Indicators like unemployment claims and unemployment rate influence the currency in a good way if they are lower than the forecast.

Filtering Forex Calendar

Earnings Calendar

Now let us talk about the earnings calendar. If you want to look for EPS of companies whose stocks are traded on the IQ Option platform then you can check for the earnings calendar. EPA means earnings per share. As these are the main indicators companies publish them when they file financial reports.

Earnings calendar at IQ Option

As we have discussed there are three values of EPS i.e. current forecast and previous. The stock price will move higher if the EPS is better. In the case where EPS meets the estimate then the stock price will most likely not move.

And the case where EPS will be lower than estimate, the stock price will fall and as compared to forecast, the previous values are usually less important. Also, if the difference between the forecast and the actual earnings is large then the market reaction will be stronger.

Crypto Calendar

Now, the third calendar is a crypto calendar at the IQ Option platform which represents the major events in the crypto and blockchain sector. 

Crypto Calendar

Once you click an event you will see when that particular event will take places such as the volatility important index as well as the current price of a digital asset, change in percentage, and spread.

Details of Crypto Calendar entry

We wish you successful trading.

Top 5 Trending

Guide to Trading Using the EMA Indicator on IQ Option

The Exponential Moving Average (EMA) is a moving average indicator. Moving Average indicators are trend-following indicators which smooth out price… [Read More]

Guide to Trading Using the Three White Soldiers Pattern on IQ Option

The Three White Soldiers is a candlestick pattern that signals a strong uptrend reversal. This pattern usually forms at the… [Read More]

IQ Option Account
Overview of the IQ Option platform

The main trade room window of IQ Option platform shows a chart of an asset. Main trade room window at… [Read More]

Guideline for password recovery on the IQ Option platform

Are you an account on IQ Option? Have you forgotten your password to log into your account? Then here is… [Read More]



Comments are closed.