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Forex Datasource recognizes that today there are approximately 1000
macroeconomic time series that appear in various online economic calendars. The
philosophy for the publishers of these calendar appears to be: More information
is better. Forex Datasource has taken a different approach.
Forex Datasource believes that calendar information should be useful for making
trading decisions and not the starting point of additional research. To filter
out irrelevant macroeconomic events, Forex Datasource measured the impact over
time that hundreds of events had on the price of the seven major currency
pairs. Second, it identified the events with the greatest relevance and it
assigned a numeric scale of importance, from 1 to 10.
So, the Forex Datasource approach is to narrow down the list of macroeconomic
events to the most important ones. The ultimate goal of Forex Datasource is to
give you additional tools to make simpler and better trading decisions when
confronted with the volatility of major economic events. The two major tools
that Forex Datasource provides are:
Forex Datasource Calendar. This interactive calendar is
highly customizable (Time Zone, Currency Pair, Scale) and it measures the pip
volatility of the event relative to the seven major currency pairs over time.
FOREXDS Calendar Dashboard. This unique, patent-pending tool
takes economic calendars where they have never been before. The Calendar
Dashboard presents a series of currency price forecasts based on the market
consensus or variations of the same. These high-probability, multi-scenario
forecasts summarize vast amounts of analysis that Forex Datasource has
performed for your convenience and peace of mind. This tool is available only
to registered users and paying clients. Link to:
forexdatasource.com/Performance/DashboardPreview.aspx
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