Commodities, Conservation and Policy
Economic calendars are schedules of reports due out from government and trade groups that describe various aspects of business, finance and the economy.
Online Economic Calendars
The headline news emanating from these reports can move markets sharply in a matter of minutes. Many are subject to revision, which constitutes a kind of data risk for those involved in long-term analysis. An essay by Chris Mahon discusses the ways these reports effect markets.
One type of report that can move markets that is often not shown on economic calendars produced for traders are the US Department of Energy's petroleum and natural gas reports. These are weekly reports: the petroleum report comes out on Wednesdays at 10:30 am (Thursdays on weeks with Federal holidays); and the natural gas report comes out on Thursday (Fridays for holiday weeks). These reports give inventory levels. Though they effect energy markets most directly, equity and foreign exchange markets can be move significantly by them. The US dollar is especially sensitive to the petroleum report because international oil sales are denominated in US dollars.