Five major releases landed in one day on 24 September. How many can you actually watch at once?

Thursday 24 September carried an unusual pile-up: Norges Bank's rate decision, the Riksbank's rate decision, the Swiss National Bank's rate decision, Australia's August labour force report and Canada's July retail trade all landed within about eighteen hours of each other (Norges Bank and Riksbank, SNB, Australia, Canada). Add the flash PMIs the day before, and it was a genuinely dense stretch of the calendar.

Five major releases landed in one day on 24 September. How many can you actually watch at once? — central bank rate path diagram
A central bank's policy rate path across recent meetings

No one trades all of these seriously at once, so the question is really about triage: what do you drop, and how do you decide?

  • Do you pick the one or two events that matter to the pairs you actually trade and ignore the rest, or do you try to have some awareness of everything on the calendar?
  • Does your approach change based on which currency you're most exposed to that week, or do you always follow the same handful of currencies regardless of what's scheduled?
  • Do you use the economic calendar to filter by currency or impact ahead of a day like this, or do you plan it out manually the night before?
  • On a day this dense, do you reduce your overall position count, or does more happening on the calendar mean more opportunities to you rather than more risk?
Five major releases landed in one day on 24 September. How many can you actually watch at once? — risk-reward diagram
A risk-reward ratio of 1 to 2

How to read an economic calendar covers actual, forecast and previous readings if that's a useful starting point. Please share your own approach, not calls for others to copy. Posts that promise a direction or sell signals will be removed.

Background: How to read an economic calendar: actual, forecast, previous and impact

The economic calendar tells you when markets are likely to move. Here is what each column means and how traders use it to plan the week.

What does forecast mean on an economic calendar?

The median expectation of economists surveyed before the release. Markets usually price in the forecast, so prices react to the gap between the actual figure and the forecast.

What is a high-impact event?

A release that has historically caused large price moves, such as central bank decisions, CPI inflation and the US jobs report. Spreads often widen around them.

Read the full guide

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