Ziwox Economic Calendar

Calendar Sentiment

Traders sentiment by the Calendar forecast

The Forex economic calendar plays a crucial role in shaping weekly market sentiment.
When the forecast for an economic indicator is higher than the previous number, it often signals optimism about the economy.
Traders may perceive this as positive news, leading to increased demand for the currency.
Conversely, if the forecast is lower than the previous value, it can create uncertainty or pessimism, potentially impacting currency values.
However, the actual impact depends on the significance of the data and overall market sentiment. Anticipating these events allows traders to make informed decisions and adjust their positions accordingly. 📊🌐

Here, we assign negative values to forecasts lower than the previous numbers and positive values to better-than-previous forecasts. By summing these values, we gauge sentiment that called Callendar Sentiment. We assume that negative numbers could have a negetive effect possibility on the currency index while a positive numbers are good for the currency index.