Accessing economic calendar at IQ Option
At IQ Option trading platform calendars are located in the market analysis section on the left-hand side panel. You can use a forex calendar, an earnings calendar and a crypto calendar.
Let's study the structure of the forex calendar. When you open it you will see a list of economic reports. The country releasing the report is indicated by a flag. Choose a report by clicking its name.
In the new tab that opens you will see the release date and the period it covers. Just below it, you can see three values: currently, forecast and previous.
Currently means the actual reading. It appears at the time of the release. If a report has not been released yet this field is empty. The forecast reflects the average of analyst predictions before the news release.
Previous is the value published in the previous release. Each event is accompanied by the volatility index which may be low medium or high. This index shows how much the report can influence the volatility of the asset or assets listed below.
By clicking the settings icon above you can filter releases by volatility impact, country or category. The general rule for reading the forex calendar is the following: if the actual reading is better than the forecast the currency appreciates.
If it's worse than the forecast the currency depreciates. However such indicators such as unemployment claims and unemployment rate influenced the currency in question in a better way. If they are lower than the forecast.
Now let's take a look at the earnings calendar. The earnings calendar shows the EPS of companies whose stocks are traded on IQ Option platform. EPS stands for earnings per share. It's one of the main indicators published by companies when they file financial reports.
The calendar shows three values of a company's EPS: current, forecast and previous. If the EPS is better than the estimate the stock price will move higher. If the EPS meets the estimate the stock price will most likely not move.
If the EPS is lower than the estimate the stock price will fall. The previous values are usually less important than the forecast. The market reaction will be stronger if the difference between the forecast and the actual earnings is large.
The third calendar available at IQ Option platform is called the crypto calendar. It shows the major events in the crypto and blockchain sector. Each event is accompanied by the logo of the cryptocurrency that will be affected.
By clicking an event. You will see when it will take place, the volatility important index as well as the current price of a digital asset, spread and change in percentage.
We wish you successful trading.
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