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School of Trading (education only)

Market-Moving News: data releases, earnings and events (education only)

What you'll be able to do
  • Read an economic calendar: time, importance, forecast, previous and actual.
  • Explain the big scheduled releases: inflation (CPI), jobs, GDP and central-bank decisions, and find them on the official agencies' websites.
  • Explain how company earnings reports work and why prices react to results compared with expectations.
  • Explain how commodity, supply and weather news can affect prices, while keeping people's safety first.
  • Explain why prices can jump on a headline and then reverse, and list the warning signs of high volatility risk.
  • Plan your week calmly around big events, using official sources instead of rumours.

This course is education only. It explains how news and data releases can affect prices. It gives no signals, no trade ideas, no price predictions and no recommendations to buy or sell anything, and it makes no promise of income. It never suggests trying to profit from wars, disasters or anyone's suffering. Trading around news is especially risky: prices can jump, spreads can widen and orders can fill at worse prices. In 2018 the European Securities and Markets Authority (ESMA), the EU securities regulator, reported that national regulators' analyses found 74% to 89% of retail accounts typically lose money on contracts for difference (CFDs), a common leveraged product for short-term trading. Before making any decision with real money, talk to a licensed professional registered with the securities regulator in your country. Course 5.13 Why Markets Move is a helpful companion.

Words in this course 51Open the Vocabulary Hall
01

The economic calendar: what is coming, and when

In simple words

An economic calendar is like a school timetable for the money world. It tells you when the "big tests" are, like reports on prices and jobs. If you know the test is on Friday, you are not surprised on Friday.

Key facts
  • Education only. This lesson teaches you to read a calendar, not to trade it.
  • Many important numbers are released on a published schedule, by government statistics agencies and central banks. Examples from official schedules:
  • The US Bureau of Labor Statistics (BLS) lists one Consumer Price Index (CPI) release per month, each at 08:30 AM on its schedule.
  • The BLS also lists one Employment Situation (jobs) report per month, each at 8:30 AM.
  • The US Federal Reserve's Federal Open Market Committee (FOMC) holds eight regularly scheduled meetings a year, plus other meetings as needed.
  • The Bank of Canada sets its policy rate on eight fixed dates each year.
  • Free economic calendars on market websites usually show these columns (names can differ by site):
ColumnWhat it means
TimeWhen the number comes out. Check the time zone!
Country or currencyWhich economy the number is about
EventFor example CPI, jobs report, GDP, rate decision
ImportanceOften shown as low, medium or high (stars, bulls or colours)
PreviousThe last reading
Forecast or consensusWhat forecasters expect this time
ActualThe real number, filled in at the release
  • Time zones matter. An event at 8:30 a.m. New York time on 10 December 2026 is 9:30 p.m. the same day in Manila and Beijing, and 10:30 p.m. in Tokyo and Seoul. In June, when New York is on daylight time, the same 8:30 a.m. is one hour earlier in those cities (8:30 p.m. Manila).
  • Always confirm the date and time on the official agency's own schedule. Third-party calendars can make mistakes.
In your country
  • The national statistics office is the National Bureau of Statistics (NBS), site stats.gov.cn. Its data query portal is data.stats.gov.cn.
  • Source: www.stats.gov.cn/
  • The national statistics office is now the Ministry of Data and Statistics (the former Statistics Korea). Its site is mods.go.kr. Its related-site list points to the KOSIS statistical portal in English.
  • Source: Ministry of Data and Statistics: mods.go.kr/anse/
Step by step
  1. Open a free economic calendar on a market website (names and layout can differ by site).
  2. Set the calendar to your own time zone, usually in a settings or clock menu.
  3. Filter to "high importance" events for this week.
  4. Write each event in a table: date, your local time, country, event, previous and forecast.
  5. For one event, open the official agency's website (see the box above, or the BLS or your central bank) and confirm the date and time.
  6. Check: every row has a local time, and at least one row is confirmed on an official site. If the times disagree, trust the official schedule.
Watch on YouTube
Fundamental trading methodsCME Group · YouTube · youtube.com

Videos by other creators on YouTube, for reference. They are not made by or affiliated with The Future Market.

LESSON 01The economic calendar: what is coming, and when
LESSON 01 / ANIMATED LESSON / AI VOICE00:00 / 01:00
Read the video script
[Host] "Big market news often comes on a schedule. The economic calendar shows you when."
[Screen: a calendar with columns time, event, importance, previous, forecast, actual] "Each row shows the time, the event, how important it is, the last reading and the forecast."
[Text on screen: 8:30 a.m. New York = 9:30 p.m. Manila (December)] "Check the time zone. A morning release in New York can be late evening in Asia."
[Screen: the BLS release schedule page] "And confirm the date on the official agency's own schedule."
[Host] "Know when the big tests are, and you won't be surprised by the timing."
Try it now

Make a one-week "event map" for your country and one other major economy: every high-importance event, in your local time, with the previous and forecast numbers. Mark the busiest day. Observation only.

ClaudeStuck? Copy a ready-made prompt for Claude

Copy this, open Claude, paste it, and Claude will walk you through the lesson step by step.

For a grown-up: Claude is for adults (18+). Copy this, paste it into Claude, and use the answer to explain the lesson to your child.

I'm learning "Market-Moving News: data releases, earnings and events (education only)" on The Future Market. Lesson 1: "The economic calendar: what is coming, and when".

What the lesson teaches:
- Education only. This lesson teaches you to read a calendar, not to trade it.
- Many important numbers are released on a published schedule, by government statistics agencies and central banks. Examples from official schedules:
- The US Bureau of Labor Statistics (BLS) lists one Consumer Price Index (CPI) release per month, each at 08:30 AM on its schedule.
- The BLS also lists one Employment Situation (jobs) report per month, each at 8:30 AM.
- The US Federal Reserve's Federal Open Market Committee (FOMC) holds eight regularly scheduled meetings a year, plus other meetings as needed.
- The Bank of Canada sets its policy rate on eight fixed dates each year.
- Free economic calendars on market websites usually show these columns (names can differ by site):

The exercise I'm working on:
Make a one-week "event map" for your country and one other major economy: every high-importance event, in your local time, with the previous and forecast numbers. Mark the busiest day. Observation only.

I'm stuck. Please:
1. Explain the main idea in plain, simple words with one everyday example.
2. Walk me through the exercise one small step at a time. Ask me what I've done so far before giving the next step.
3. Don't just give me the final answer. Help me do it myself, and check my work when I share it.
4. This is for learning only. Remind me to check with a licensed professional before I make a real decision about my own money, health or legal situation.
I'm a parent helping my child (about 8 years old) with a lesson called "The economic calendar: what is coming, and when" from the course "Market-Moving News: data releases, earnings and events (education only)".

Here's what the lesson says:
An economic calendar is like a school timetable for the money world. It tells you when the "big tests" are, like reports on prices and jobs. If you know the test is on Friday, you are not surprised on Friday.

The activity:
Make a one-week "event map" for your country and one other major economy: every high-importance event, in your local time, with the previous and forecast numbers. Mark the busiest day. Observation only.

Please explain this so an 8-year-old understands: short sentences, a fun everyday example, and no hard words.
Then give me 3 simple questions I can ask my child to check they understood, and a way to do the activity together, one tiny step at a time.
Keep it general and educational. This is not advice for a real situation.
Open Claude
Sources
My notes
02

Inflation reports (CPI)

This lesson is part of full access: every course and every level for one payment.

03

Jobs and GDP reports, and why first numbers change

This lesson is part of full access: every course and every level for one payment.

04

Central-bank decisions

This lesson is part of full access: every course and every level for one payment.

05

Company earnings

This lesson is part of full access: every course and every level for one payment.

06

Commodity and supply news, and natural disasters

This lesson is part of full access: every course and every level for one payment.

07

Headlines, reversals and volatility risk

This lesson is part of full access: every course and every level for one payment.

++

Final project

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??

Quiz

  1. What does an economic calendar show?

  2. Why must you check the time zone on a calendar?

  3. Where should you confirm the date of a data release?

  4. What does the CPI measure?

  5. Why can an inflation surprise move markets?

  6. Why should you be careful with first jobs and GDP numbers?

  7. Besides the rate itself, what parts of a central-bank decision do markets watch?

  8. What is earnings per share (EPS)?

  9. Why can a company's share price fall after it beats forecasts?

  10. Why might a natural disaster affect prices?

  11. What comes first when a disaster happens where you live?

  12. Why can a price jump on a headline and then reverse?

EX

Final exam

This lesson is part of full access: every course and every level for one payment.

CE

Certificate

This lesson is part of full access: every course and every level for one payment.