You can utilize the economic calendar to strategize trades and future orders, and to receive notifications about upcoming market events such as national interest rates, inflation levels, trade balances, oil and natural gas stockpiles, monthly jobs reports, and more.

Economic events refer to occurrences that hold economic importance for the valuation of forex, metals, commodities, and other financial instruments. They encompass both internal and external factors that may influence their performance, mainly focusing on supply and demand dynamics

The foreign currency exchange rates, also known as Forex rates, can be influenced by various economic and political factors that determine the value of one currency in relation to another. These factors include the terms of trade, political stability, overall economic performance, GDP growth rate, economic health, interest rates, inflation rates, and balance of payments (such as exports, imports, and government debt) between the countries or regions involved.

One example of a significant economic event that can impact Forex rates is the United States Non-Farm Payrolls report (NFP). This report typically affects currency exchange rates such as EUR/USD, GBP/USD, and USD/JPY.