Economic Calendar User Guide

Dailyfx Economic Calendar
prepares traders for the most important economic news events for the major currencies. It is released weekly on Friday, just after the market close.
Market followers who turn to Daily FX’s Forex Calendar section will find two schedules to choose from. The US Economic Events calendar details upcoming US events along with links to more comprehensive report specific data. Dailyfx will also link to the easily prinitable Weekly Economic Calendar, which lists events that may affect all major currencieis.


Events & Release


This column notes the name of the report, event or release. The line also includes the format of the headline figure (monthly, weekly or quarterly), and other technical information about the report.

It is important to understand headline figures, the way a figure is calculated may significantly impact how it will be interpreted. Some common expressions of headline figures are the following:

MoM: Month-over-Month change. MoM figures calculate the change from the previous month’s data. MoM measures tend to be more volatile as they are more affected by one-time events (e.g. natural disasters, months with many working days in them, seasons etc).

QoQ: Quarter-over-Quarter. QoQ figures calculate change compared to the previous quarter. Although many figures are released monthly, many important indicators are released on a quarterly basis(many country’s GDP , US PCE), they are therefore reported QoQ. QoQ will tend to be more volatile than Year-over-Year figures.

YoY: Year-over-Year change. This headline will report the changes in a year’s worth of data, in comparison with the previous year. Year over year data incorporates more data and thus is able to give a better long-term picture of the underlying report figure.

annualized: figure is used to project yearly change. For instance, monthly change figures will be multiplied by 12 to project yearly change, quarterly change will be multiplied by four.

s.a .: seasonally-adjusted figures. Seasonal adjustments strive to correct for changes in data due to regular fluctuations in weather, annual cycles, seasons etc. For example, people tend to consume more during Christmas and major holidays.

w.d.a .: working-day adjusted. Working-day adjusted data corrects for differences in the number of working days for a specific reporting period. For example some months may have far fewer weekdays than the previous month due to holidays or the number of weekends that month. Thus a decline in the MoM figure might more reasonably be linked to this scheduling identity than to any real change in the underlying economic data.

A: advanced report. Advanced reports are early releases in which figures are published based on incomplete data. These reports are often with less than 50% of the eventual data set. Advanced reports can be useful in their timeliness – and they tend to move markets more than later figure – but advanced figures are often unreliable as significant amounts of data have yet to be considered.

P: preliminary report. Preliminary reports follow advanced reports, typically including all data and with some, often significant revisions.

F: final report. Final reports are released with considerable lag times and often include significant revisions. Though the most comprehensive, these figures are typically not market moving, since they are released so late.



Economic reports are released for a given time period; typically per quarter, month, or week.

Quarterly data will indicate which quarter (e.g. Q3 = data for the 3rd quarter).
Monthly data will designate which month is the reporting month (e.g. JUN = data for the month of June).
Weekly figures express the end of the reporting week (e.g. AUG 7 = the week ending August 7).



An expectation for the figure. Consensus figures are usually derived from surveys of experienced professionals and institutions.

A pre-release estimate of the figure provided by



The previous reported figure.


Revised From

The figure reported prior to any revisions.



The currency that the headline refers to
USD – U.S. Dollar
CAD – Canadian Dollar
EUR – Euro
GBP – British Pound
JPY – Japanese Yen
CHF – Swiss Franc
AUD – Australian Dollar
NZD – New Zealand Dollar

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