Events Calendar

Impact is calculated as the average maximum absolute price excursion that the related composite currency makes within an hour after the release of that event.

A red value indicates a higher than average volatility as calculated for all events belonging to that specific country.

Forecast Error simply represents the difference between the Actual and Expected values.

Forecast Error Significance is calculated as a ratio of the current Forecast Error (in absolute form) to the average of all past Forecast Errors (in absolute form).

A red value means that it is either greater than 1 or less than -1 indicating that the current forecast was less accurate than usual.

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Reaction Correlation Coefficient is represented as a value between -100% and 100% and indicates the strength and direction of the historical relationship that exists between the composite currency’s post-event market reactions (at 15, 30 and 60 minute intervals) and the respective forecast errors.

A green value indicates a higher than average correlation as calculated for all events belonging to that specific country.

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