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Top 11 Forex Calendars in 2020

May 8, 2020 by

This post is a 2020 update to our yearly review of Forex calendars. If you are familiar with our previous reviews, you might be interested to check out the changes for this update:

  • Added Myfxbook calendar review.
  • ZuluTrade was completely removed from our list of top Forex calendars because it now lists only high-impact events, lost some of its filtering options, and there is no mobile app.
  • Updated all charts and images.
  • DailyFX and Forex Factory changed their calendars’ URLs.
  • Lots of updates due to DailyFX calendar redesign, including new interface and less ads.
  • Econoday removed its historic charts feature and crippled time browsing.
  • More charts from FXStreet and minor updates on interface redesign, including much worse time browsing. FXStreet mobile app no longer shows revised previous values.
  • Updated list of countries and currencies in Dukascopy, FXStreet, Investing.com, MQL5.com filters.
  • Trading Economics — corrected the URL and removed mention of a filtering bug.
  • Investing.com mobile app now requires registration.
  • Updated number of events, loading speed, and forecast accuracy values.

If you are new to our reviews, this post will help you choose the best Forex calendar (or calendars) to use in your analysis and trade scheduling. I recommend reading the entire post in this case.

If you trade based on fundamental analysis or employ a news trading strategy, then an economic calendar is an indispensable tool for you. If you are a technical analysis trader or price action scalper, you can use economic calendars to your benefit for spotting the periods of the day when it is best to avoid trading due to the periods of high uncertainty, which is usually connected to important macroeconomic announcements.

Even though modern trading platforms feature economic calendars right inside the trading terminal, it is much more convenient for traders to consult a web page calendar via their browsers — either on desktop or using a mobile device. Also, while many Forex brokers offer a calendar on their website, the quality of broker-provided calendars is usually well below what you get at the websites that are specializing in this sort of information.

The 11 Forex calendars presented below have proven to be the finest, both in form (easy to read, fast to browse, and pleasant to an eye) and in terms of content (lots of events, powerful filtering, additional features), and stand out from the hundreds available online nowadays. Despite lots of similarities, the calendars reviewed below have distinct traits that will make them more useful to some traders — it is in a trader’s best interest to find one, two, or even three calendars that most fully suit his or her trading style.

The List

The 11 top calendars below are introduced in alphabetical order and then assessed according to their parameters and special features.

BabyPips.com

BabyPips.com Forex Calendar in 2020

DailyFX

DailyFX Forex Calendar in 2020

Dukascopy

Dukascopy Forex Calendar in 2020

Econoday

Econoday Global Economic Calendar in 2020

Forex Factory

Forex Factory Calendar in 2020

FXStreet

FXStreet Economic Calendar in 2020

Investing.com

Investing.com Economic Calendar in 2020

MQL5.com

MQL5.com Forex Calendar in 2020

Myfxbook

Myfxbook Economic Calendar in 2020

TeleTrader.com

TeleTrader.com Economic Calendar in 2020

Trading Economics

Trading Economics Calendar in 2020

Interface

Appearance

Although the basic elements of the calendars are almost unchanged across all websites — the name of the event, its date and time, the country of origin, forecast, previous and actual values, — each calendar attempts to improve its data presentation using various methods of visualization and applying its own unique design and style.

Legend

To make the calendars more compact, the websites use various icons, images, codes, and abbreviations to display the list of events. A legend, similar to those used on maps, can accompany a calendar to describe such elements. However, not all of the calendars provide a legend and not all them are equally helpful.

  • BabyPips.com provides no legend.
  • DailyFX provides a sort of a legend via its event filtering menu.
  • Dukascopy provides no legend.
  • Econoday provides a complete legend for all icons used throughout the calendar.
  • Forex Factory has a very detailed legend with explanation of icons and abbreviations used.
  • FXStreet doesn’t have a legend per se but offers a textual description of the calendar, which will help you to understand how it works.
  • Investing.com has a brief legend for key elements used in the calendar.
  • MQL5.com has calendar filter settings that also pass for being a sort of a legend.
  • Myfxbook doesn’t offer a legend for the calendar.
  • TeleTrader.com also describes most of the non-obvious stuff with its filtering options.
  • Trading Economics offers a rather poor legend, which is mostly a textual description and does not cover all the styling features used in the calendar.

Images/Currency Codes

Calendars use a currency ISO code, a country flag, or a country ISO code to show the origin of each of the listed events.

  • BabyPips.com utilizes country flags and 3-letter currency ISO codes.
  • DailyFX utilizes only country flags and names.
  • Dukascopy utilizes country flags and 3-letter currency ISO codes.
  • Econoday employs country flags and 2-letter country codes.
  • Forex Factory uses only 3-letter currency ISO codes.
  • FXStreet employs a country flag along with 3-letter currency ISO code.
  • Investing.com uses a country flag along with 3-letter currency ISO code.
  • MQL5.com uses a country flag and a 3-letter currency ISO code.
  • Myfxbook uses a country flag with a full name displayed on tooltip. The filters use a 3-letter currency ISO code.
  • TeleTrader.com displays info using country flags and names.
  • Trading Economics uses country flags along with 2-letter country codes.

Additional Details

As mentioned before, the basic information provided by an economic calendar for each event is the following: date and time, country/currency, name of the indicator or event, previous/forecast/actual values. All of the listed calendars also provide a news impact measure of some sort. Some calendars choose to augment this data with additional details.

  • BabyPips.com provides a detailed description of the event/indicator with a link to the source and the next release date.
  • DailyFX provides historical data, related news links, and a textual description.
  • Dukascopy provides only the basic explanation of important indicators, frequency of news release, name of the data source, alternative name/significance of the event, and a historic chart, which includes forecasts, with a maximum lookback period of two years.
  • Econoday gives detailed explanation of the indicators, historic chart (for some events), release schedule, last released data, and in-depth study of recently released data. There is also a quick link named Why Investors Care, which describes the importance of the indicator for the economy. The link provides additional details such as the frequency and approximate time of release, original data source without a link, revision methodology, and, finally, a period that the report covers.
  • Forex Factory shows an elaborate explanation of the indicator, link to the official source page, historic data and chart, related news articles, next release date, explanation of why it is important, and the indicator’s full name and alternative names (if any).
  • FXStreet provides a definition of the indicator, link to the official report, historic chart with forecast and deviation plots, and elaborate market impact charts for major currency pairs (see the Extra Features section below).
  • Investing.com offers a description of the indicator, link to the official source page, and a very detailed historic data/chart spanning decades into the past.
  • MQL5.com provides a description of the event, reference to the previous release, chart of the recent data vs. forecasts, historic data chart, and historic data table.
  • Myfxbook provides a textual description of the event and a historic chart of the data vs. forecast values.
  • TeleTrader.com provides only a basic description of the indicator with a link to the official source page.
  • Trading Economics offers a detailed explanation of the indicator, next release date, historic chart (with quick chart view directly in the calendar table), data table, and related news.

Charts

Historic data assists in the study and interpretation of the economic data announced recently. Most of the charts show some amount of historical data related to the concerned economic event. However, the level of interaction possible with the chart differs from calendar to calendar. This section makes an attempt to assess the quality of the charts provided by the economic calendars.

  • BabyPips.com does not offer charts.
  • DailyFX offers a small historic chart with about a year’s worth of past data:
    DailyFX - Calendar Historic Chart in 2020
  • Dukascopy offers a scalable line chart providing the actual and forecast values for the past few years for a given indicator.
    Dukascopy - Calendar Historic Chart in 2020
  • Econoday doesn’t offer any charts.
  • Forex Factory shows a scalable interactive histogram chart with all values — actual, forecast, and revised. The problem with the revised data representation on the chart is that its color (dark blue) mixes with the actual data presented in light blue.
    Forex Factory - Calendar Historic Chart in 2020
  • FXStreet provides two zoomable charts for historic data analysis. First, a simple historic chart:
    FXStreet - Calendar Historic Chart in 2020
    Second, a deviation chart that adds forecast and deviation values:
    FXStreet - Calendar Historic Deviation Chart in 2020
    Three additional charts are available also (more on them the Extra Features section below).
  • Investing.com offers a scalable chart with a period selector and a switch between line and area. The data (actual, forecast, and revision) along with the date of the announcement is shown when the mouse pointer is moved over the chart.
    Investing.com - Calendar Historic Chart in 2020
  • MQL5.com provides a very simple historic line chart with forecast and actual values. Pointing the mouse cursor over will show the exact value.
    MQL5.com - Calendar Historic Chart in 2020
  • Myfxbook provides a very simple and rather glitchy historic line chart with forecast and actual values. Pointing the mouse cursor over will show the exact values:
    Myfxbook - Calendar Historic Chart
  • TeleTrader.com does not offer charts.
  • Trading Economics provides an interactive chart with a period selector and some basic charting tools: column, line, area, spline, spline area, candlestick, bars, trend, average, histogram, variance, mean, maximum, minimum. Only actual values are plotted. The chart provides the facility for comparison with other countries and events.
    Trading Economics - Calendar Historic Chart in 2020

Revisions

Most of the actual announcement values are calculated by governments (or other reporting institutions) using the partial data. Because some of the data gets updated or new data is coming later, the revised values are released with the next reports.

When a new data is announced for an indicator, simultaneously, the revised value (corresponding to the previous period) for the same economic indicator is reported. Most of the economic calendars display such revised information with a different color. There are also calendars that provide both revised and unrevised values for trader’s convenience. Approaches of different economic calendars to revised values are explained below.

  • BabyPips.com shows revised values, marking them with an asterisk. On mouseover, the ‘revised from’ value is displayed. Unfortunately, not all events get revisions displayed with this calendar.
  • DailyFX displays revised values but doesn’t indicate that they have been revised and doesn’t show the previous values.
  • Dukascopy shows only original values.
  • Econoday shows both unrevised and revised values, but you have to click on an event to get to them.
  • Forex Factory gives revised values alongside a small yellow triangle. Moving the mouse pointer over the triangle reveals the previous value.
  • FXStreet displays revised values alongside a small round gray bullet with a letter ‘i’ in the center. The previous value is revealed by placing the mouse pointer over the icon.
  • Investing.com shows revised values with a dotted line underneath. Placing the mouse pointer over the number reveals the previous unrevised value.
  • MQL5.com displays revised values with a dotted underline. The original values are displayed in a tooltip.
  • Myfxbook intended to display revised values with a dotted underline while the tooltip was supposed to reveal the original value. However, in reality, the displayed value is original value while the tooltip reveals the revised value. It appears they are confusing the two kinds of values in their calendar.
  • TeleTrader.com displays only original values.
  • Trading Economics shows revised values and uses a circled ‘R’ symbol next to them. On mouseover, the original data is revealed.

Filters

Using a filter, a trader can prioritize the list of events to monitor as per the personal need. Nearly all calendars offer these three basic filters:

  1. Countries/currencies
  2. Nature of event
  3. Impact

We shall look at the specific filters offered by each of the economic calendars taken here for assessment.

BabyPips.com allows filtering based on currency, impact, and session (London, New York, Tokyo, Sydney). The currency filter offers a selection of 9 currencies (AUD, CAD, CHF, CNY, EUR, GBP, JPY, NZD, and USD). By default, all the currencies, news events, and sessions remain selected. Remember Filters option can be used to make the website remember your choice of filters.

DailyFX supports only country and impact-based filtering. It does not offer an event-based filter. However, keyword-based event search facility is provided. In total, 41 countries are available for selecting in the filter list:
Expand the complete list of countries

Australia, Austria, Belgium, Brazil, Canada, China, Colombia, Czech Republic, Denmark, Euro Area, European Union, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Mexico, Netherlands, New Zealand, Norway, Philippines, Poland, Portugal, Russia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, United Kingdom, United States

Dukascopy offers country, currency, and impact filters. There is also a provision to perform keyword search. In all, 21 currencies are listed in the currency filter. They are: AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HUF, JPY, MXN, NOK, NZD, PLN, RON, RUB, SEK, SGD, TRY, USD, and ZAR. The filtering can also be done using 31 countries:
Expand the complete list of countries

Australia, Austria, Belgium, Canada, China, Czech Republic, Denmark, Europe, Finland, France, Germany, Hong Kong, Hungary, Italy, Japan, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Russian Federation, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States

Econoday offers a filter to show events for one particular country of your choice from the following selection: Australia, Canada, China, Eurozone, France, Germany, Hong Kong, India, Italy, Japan, New Zealand, Singapore, Switzerland, United Kingdom, and USA. In addition, they let you switch to a purely US calendar.

Forex Factory offers currency, impact, and event-based filter. There are 9 currencies in the filter: AUD, CAD, CHF, CNY, EUR, GBP, JPY, NZD, and USD.

FXStreet, offers all three filters — country, impact, and event. The impact filter is denoted as Volatility. The calendar also offers a keyword-based event search. There is also a custom date filter. Other economic calendars do not allow event-based search between two specific dates. This facility overcomes that issue. For example, using the filters as shown in the image below, we have been able to refine the nonfarm payrolls reports for the period between April 2019 and April 2020.

FXStreet Calendar Filter Demonstration

While Dukascopy can also filter by keyword in a custom date range, the maximum period is 60 days there, whereas it is 1 year at FXStreet. At Investing.com, the calendar resets to current date if search keyword is entered.

There are 42 countries and one monetary union in the country filter.
Expand the complete list of countries

Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, European Monetary Union, Finland, France, Germany, Greece, Hong Kong SAR, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Russia, Singapore, Slovakia, South Africa, South Korea, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States

Investing.com offers all three kinds of basic filters — country, impact, and event. Furthermore, there is also a time-based filter to view the actual display time or the time remaining for the announcement. Event-based keyword search is also possible. There are 97 countries, territories, and monetary unions in the country filter.
Expand the complete list of countries

Argentina, Australia, Austria, Bahrain, Bangladesh, Belgium, Bosnia-Herzegovina, Botswana, Brazil, Bulgaria, Canada, Cayman Islands, Chile, China, Colombia, Costa Rica, Cote D’Ivoire, Croatia, Cyprus, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Euro Zone, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kuwait, Latvia, Lebanon, Lithuania, Luxembourg, Malawi, Malaysia, Malta, Mauritius, Mexico, Mongolia, Montenegro, Morocco, Namibia, Netherlands, New Zealand, Nigeria, Norway, Oman, Pakistan, Palestinian Territory, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Rwanda, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Tunisia, Turkey, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Venezuela, Vietnam, Zambia, Zimbabwe

MQL5.com offers impact, currencies, and countries filters. For currencies, there are: USD, EUR, JPY, GBP, CAD, AUD, CHF, CNY, NZD, SEK, BRL, KRW, HKD, SGD, MXN, ZAR, and INR. For countries, there are 21 entities in total. However, only a single country can be selected at a time.
Expand the complete list of countries

United States, European Union, Japan, United Kingdom, Canada, Australia, Switzerland, China, New Zealand, Germany, France, Italy, Spain, Brazil, South Korea, Hong Kong, Singapore, Mexico, South Africa, India, Sweden

Myfxbook provides impact and currency filters. Overall, 35 currencies are supported in the filter: PEI, CNY, JPY, CZK, MXN, CAD, ZAR, AUD, NZD, CLP, GBP, NOK, ISK, CHF, RUB, ANG, ARS, INR, EEK, IDR, TRY, ROL, SGD, QAR, HKD, COP, DKK, SEK, BRL, EUR, HUF, PLN, USD, KRW, and KPW.

TeleTrader.com allows filtering based on event type, impact, region (North America, Europe, Asia, and Emerging Markets), and country. Overall, 51 countries and one monetary union (eurozone) are provided in the country filter.
Expand the complete list of countries

Argentina, Australia, Austria, Bahrain, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Estonia, EuroZone, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Italy, Japan, Korea, Latvia, Lithuania, Mexico, Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russian Federation, Singapore, Slovakia, South Africa, Spain, Sweden, Switzerland, Taiwan, Turkey, United Arab Emirates, United Kingdom, United States of America

Trading Economics offers country and impact-based filtering. In addition to selecting several countries one by one, it is possible to select All, Major, Africa, America, Asia, Europe groups. The list of countries, territories, and monetary unions includes 136 entities.
Expand the complete list of countries

Afghanistan, Albania, Algeria, Angola, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahrain, Bangladesh, Belarus, Belgium, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Cambodia, Cameroon, Canada, Cape Verde, Chile, China, Colombia, Congo, Costa Rica, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Ecuador, Egypt, El Salvador, Estonia, Ethiopia, Euro Area, Finland, France, Georgia, Germany, Ghana, Greece, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Ireland, Israel, Italy, Ivory Coast, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kosovo, Kuwait, Kyrgyzstan, Latvia, Lebanon, Lithuania, Luxembourg, Macau, Macedonia, Madagascar, Malaysia, Mali, Malta, Mauritius, Mexico, Moldova, Mongolia, Montenegro, Morocco, Mozambique, Myanmar, Namibia, Netherlands, New Zealand, Nicaragua, Nigeria, Norway, Oman, Pakistan, Palestine, Panama, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Republic of the Congo, Romania, Russia, Rwanda, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Sierra Leone, Singapore, Slovakia, Slovenia, Somalia, South Africa, South Korea, Spain, Sri Lanka, Sudan, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Trinidad and Tobago, Tunisia, Turkey, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Vietnam, Zimbabwe

Time zone

A trader may or may not be located in the same time zone used by the economic calendar to display the schedule of economic announcements. Thus, it is a good idea for the Forex calendars to display their active time zone and to allow synchronization of the server time with the computer’s clock. The economic calendars tackle this issue in the following manner.

  • BabyPips.com — detects local time and uses it to display the schedule of events. The local time settings can be changed using the drop-down menu, but cannot be saved permanently. However, changing the time zone alters the calendar URL, which can then be added to favorites for later access.
  • DailyFX — detects your time zone. The settings can be changed using the dropdown menu and will be remembered via cookies.
  • Dukascopy — detects and uses your local time to display the schedule of event announcements. You can toggle between Local and GMT. There is no way to save the choice and it is impossible to select any other time zones.
  • Econoday — uses EST/EDT as the default time settings. However, it offers a provision to change the time zone as you want and save it in a cookie file.
  • Forex Factory — detects your local time zone by default. You can manage the time settings with or without registration. The calendar uses cookies (for unregistered users) and member profiles (for registered users) to remember the time zone.
  • FXStreet — uses GMT as the default. Time zone can be changed (including to autodetect) both for registered and unregistered users. The website will remember the choice regardless of your registration status.
  • Investing.com — default time zone is EST/EDT. The time zone can be changed, but not saved without registration.
  • MQL5.com — by default detects the time zone via your browser. It can be changed and saved even without registration.
  • Myfxbook — by default detects the time zone via your browser. If you open a free account with Myfxbook, you can change and save the time zone in your account settings. There is no way to change the calendar time zone without registration.
  • TeleTrader.com — automatically detects local time and uses it to display the event announcement schedule. If the time settings are changed using the dropdown menu, then the latest setting (saved in cookies) is used when opening the economic calendar during the next visit.
  • Trading Economics — automatically detects your time zone settings and applies it to the economic calendar. You can also set an arbitrary time zone and it will be saved for your next visit even if you do not register.

Time Browsing

Forex traders might need to browse through past economic data or look at the future schedule of events for a variety of reasons. Thus, every economic calendar strives to offer such a facility, albeit each in its own way.

  • BabyPips.com — you can choose to browse either by day or by week. The actual browsing is done either by a kind of page flipping or by selecting a particular week from a dropdown list. Unfortunately, historic Actual values are rather inaccurate at BabyPips.com calendar.

BabyPips Calendar - Time Browsing

  • DailyFX — you can view the events using five time presets: last seven days, yesterday, today, tomorrow, and next seven days. Additionally, you can select one specific day via a calendar, but you cannot set a date range:
    DailyFX Calendar - Time Browsing
  • Dukascopy — you can browse through dates, months and years. However, the maximum listing range is 60 days. There is also a provision to manually enter the beginning and end date. As usually, there are quick links for viewing the events schedule of today, tomorrow, this week, and next week.
    Dukascopy Calendar - Time Browsing
  • Econoday — it follows a very simple but clumsy approach to facilitate calendar browsing. At the top of the event table, four quick links for browsing monthly, weekly, daily, and today’s data are provided. However, only weekly view data is available free of charge. Beneath the quick links, two rows containing sequential dates and months of a calendar year are displayed. Unfortunately, they don’t work. The only working method to time-browse in Econoday calendar is to change the URL’s parameters in your browser’s address field. Even then, only the current year is browsable. It is not possible to view events for the past years via Econoday calendar. Here is example of how to set the weekly view to the week containing the day of March 30, 2020:
    Econoday Calendar - Time Browsing
  • Forex Factory — provides easy and flexible calendar-based browsing facility. It is possible to browse through dates, months, and even years. The default week can be set and saved. For quick reference, there are links to visit the week and month that just ended. Similarly, there are quick links to visit the event schedule for the week and month that are about to come.
    Forex Factory Calendar - Time Browsing
  • FXStreet — a calendar browsing facility is available. There are also quick buttons to jump to Recent & Next, Today, Tomorrow, and Next Week events. The latter can also be changed to This Month, Next Week, Next Month, Yesterday, Previous Week, and Previous Month via a drop-down menu. For some events, the history goes back as far as 2001. Unfortunately, the calendar doesn’t allow manual date setting — so you have to click your mouse to death to get back to 2001 for the beginning date and then back to 2020 for the end date if you want to select a particularly long period of history. Another problem is that the event dates lack any indicator of the year they belong to, so the output of such time browsing is especially confusing.
    FXStreet Calendar - Time Browsing
  • Investing.com — you can browse through days and weeks. Alternatively, you can set a date range using a calendar, which lets you get some announcement data from decades ago.
    Investing.com Calendar - Time Browsing
  • MQL5.com — lets you flip through the weeks back and forward. It also allows switching to monthly lists and flipping through them. A calendar selection is available where you can choose a period of up to 90 days long.
    MQL5.com Calendar - Time Browsing
  • Myfxbook — has Today, Tomorrow, This Week, and Next Week buttons. You can also use the pop-up calendar facility to set a date range, and its start and end fields can also be edited manually. The time range cannot be longer than three months.
    Myfxbook Calendar - Time Browsing
  • TeleTrader.com — the time scale allows quick selection of data pertaining to the previous day, current day, and the next three days. Additionally, a tab to view the entire list of events during the current and next week is available. Using the input box in the custom search facility, a trader can choose the period of interest for studying the economic data. The pop-up calendar in the custom search facility allows flipping through months, but not years. A drawback, which we came across while using the custom search facility, is that the number of events which gets listed is restricted to 250 despite increasing the time period of search. For example, if we are studying the events in the month of March 2020, only the first 250 events are getting listed. Once we reach the tenth page of events, we have to input the new dates to study the rest of the data. A tiny green-colored square box within each calendar date in the time scale provides the number of anticipated events for that particular day.

TeleTrader.com Calendar - Time Browsing

  • Trading Economics — calendar browsing facility is not available. However, there is a drop-down menu named Dates, which provides the quick link to view the event schedule of today, tomorrow, last week, next week, and next month. There is also a facility to manually enter the starting and ending date of the event schedule.
    Trading Economics Calendar - Time Browsing

Week Beginning

Five of the 11 economic calendars use Monday as the starting day of the week. They are DailyFX, Dukascopy, Econoday, MQL5.com, and Trading Economics. In the case of Forex Factory, you can set the first day of the week according to your choice and save via the browser cookies. Registered users can save the settings through their profile manager. The rest of the researched websites use Sunday as the first day of the week.

Automatic Updates

Auto-update feature lets you avoid the need to manually refresh a web page to view the latest announcements. The following economic calendars offer automatic on-page updates:

  • DailyFX
  • Dukascopy
  • FXStreet
  • Investing.com
  • MQL5.com
  • Trading Economics

Trading Economics behaved in a rather strange manner. It auto-updates some values (like 10% of them) but requires a full refresh to update the others. We failed to notice any logic in the nature of the economic indicators that causes them to auto-update.

Other calendars require explicit reloading to see the changes, which is not a big problem itself, but it certainly makes working with announcements tedious.

Mobile-Friendly

Nowadays, when lots of traders prefer to use their mobile phones to analyze the charts, access news, and even submit orders, it is crucial for a calendar to have a mobile-friendly view. In addition, calendars can offer stand-alone apps that can offer their own features and be even better than web-based calendars. Below we assess how mobile-friendly are the top Forex calendars in our list.

BabyPips.com

BabyPips.com has a responsive mobile friendly website. The mobile version provides the same information and nearly identical interface features as the desktop version of the calendar. In fact, it looks like they developed the calendar with mobile as their first priority and then expanded it somewhat for a desktop view.

BabyPips Calendar - Mobile View

There is no mobile phone app for BabyPips.com calendar.

DailyFX

Offers a mobile-friendly website that does a great job providing nearly the same information as the desktop version of the calendar.

DailyFX Calendar - Mobile View

The iOS and Android apps are available for DailyFX calendar. It has a slightly different design but offers almost the same information as the mobile web browser version, except for the former not showing any details about announcements.

DailyFX Calendar App

Dukascopy

Dukascopy’s calendar is not mobile friendly at all. It retains all the main features of the desktop view but involves a lot of frustrating horizontal scrolling.

Dukascopy Calendar - Mobile View

Dukascopy’s calendar is available in an app called Swiss Forex (published by Dukascopy). The calendar in the app is more user-friendly but lacks some of the filtering options available in the website calendar.

Dukascopy Calendar App - Swiss Forex

Econoday

It is certainly a mobile-friendly website with a very convenient event browsing interface. Unfortunately, it lacks a weekly view and any time-browsing capabilities.

Econoday Calendar - Mobile View

Currently, Econoday does not offer a calendar app for mobile devices.

Forex Factory

This calendar could be a great example of a mobile-friendly website, but despite having lots of interface features transferred at top-notch quality level, it only shows the Actual values for all announcement in the event list. You have to click on the specific announcement to view the Previous and Forecast values. And you cannot see the pre-revision value, though you can still tell if the Previous value has been revised.

Forex Factory Calendar - Mobile View

No official Forex Factory calendar app is available for your phones. There is an unofficial app, which looks very bad and isn’t worthy a detailed review.

FXStreet

Offers a mobile version of the website, which is almost on par with the desktop one. You can use the same filtering options as in the desktop web calendar except for the calendar for time browsing. Unfortunately, revisions aren’t even shown.

FXStreet Calendar App

Investing.com

The mobile version of the calendar is ridden with ads but is built to be rather convenient. Unfortunately, browsing through past weeks is not possible. Revisions are marked but pre-revision values are not available.

Investing.com Calendar - Mobile View

The app for mobile devices offers only one improvement over the browser-based calendar — a search feature that lets you find any particular economic indicator and see its release history. However, the app lacks the event category filter. The app also requires registration.

Investing.com Calendar App

MQL5.com

MQL5.com calendar transfers all the features from the desktop web version to the mobile web version flawlessly. You can even set date ranges! Everything is displayed in a clean and concise way. The revisions and pre-revision values are shown.

MQL5.com Calendar - Mobile View

The MQL5.com mobile app is called Tradays and, surprisingly, is worse than the mobile web version. Most filters are lacking. Events are displayed only for a selected day. Revisions are shown but neither are marked nor allow viewing the pre-revision values.

MQL5.com Calendar App - Tradays

Myfxbook

Myfxbook calendar doesn’t work well on mobile — you have to scroll horizontally to see the important stuff. Otherwise, it is the same as the desktop web version.

Myfxbook Calendar - Mobile View

The Myfxbook mobile app is available for Android and iOS mobile platforms. It has slightly crippled functionality — you cannot set arbitrary date ranges for time browsing. Also, revised previous values aren’t shown.

Myfxbook Calendar App

TeleTrader.com

TeleTrader.com is not a mobile-friendly site. To browse through it, you have to endure lots of scrolling and tight tapping. On the bright side, all the desktop features are retained in the mobile version.

TeleTrader.com Calendar - Mobile View

TeleTrader.com offers a mobile app called StockMarkets. In addition to multiple other things, it offers an economic calendar, which is much easier to use than the mobile web version. Time browsing is rather limited and there and only two filters are available — impact and country. Revisions are completely ignored.

TeleTrader.com Calendar App - StockMarkets

Trading Economics

The calendar is totally mobile-friendly. All basic interface features are there. The only missing one are advanced ones, like charts and alerts. Also, although revised values are shown, no mark indicates that the value is a revised one.

Trading Economics Calendar - Mobile View

The calendar is available via the official TEconomics app. It is quite similar to the web version of the calendar but has some differences. It lacks a custom date range selection tool but offers a watchlist to track events. Similarly to the web version, there is no indication that the shown values are revisions when this is the case.

Trading Economics Calendar App - TEconomics

Delays

In our previous reviews of the best economic calendars, some websites have demonstrated considerable delays in publication of the actual values for macroeconomic indicators. Fortunately, this year, all calendars fared well and updated the display values promptly. Thus, you are safe to conclude that you are unlikely to encounter any announcement delays when relaying on any of the 11 calendars reviewed here.

Notification

Notifications can alert you about a news event with sound or other means even when you aren’t watching the calendar. Here is how different calendars from our top 11 work with notifications:

  • BabyPips.com — none.
  • DailyFX — alerts can be created by adding the events to Google, Yahoo, iCal, or Outlook calendar in a semi-automatic way.
  • Dukascopy — none.
  • Econoday — none.
  • Forex Factory — none.
  • FXStreet — offers sound notifications for all events; they can be turned off, but they are on by default, which can be quite annoying.
  • Investing.com — provides an in-depth notification engine with choice of recurring/one-time alerts, reminders (before notification), and a choice of delivery method (website popups on desktop or push-notification to a mobile device).
  • MQL5.com — none.
  • Myfxbook — offers email notifications for either N minutes or N hours before the calendar event marked for notification. The feature works only for registered members.
  • TeleTrader.com — none.
  • Trading Economics — provides email and desktop alerts and reminders but only for registered users.

Loading Speed

For many traders, an economic calendar has value only if it loads quickly. In this regard, the performance of all the ten researched websites is assessed using the service of WebPageTest. The websites were tested using six different geographical locations: US East Coast (Virginia EC2, USA), US West Coast (California EC2, USA), South America (Sao Paolo EC2, Brazil), Europe (London EC2, UK), Asia (Tokyo EC2, Japan), and Oceania (Sydney EC2, Australia). The browser was set to Firefox and the median of three first loads has been measured for each calendar from each of the six locations. Then the average load time has also been calculated. The results are presented in the table below.

Website/Location US East Coast US West Coast South America Europe Asia Oceania Average
BabyPips.com 6.31 8.07 6.60 3.40 7.30 7.43 6.52
DailyFX 5.72 5.70 6.28 6.77 6.30 6.45 6.20
Dukascopy 4.91 7.18 8.08 4.23 6.56 9.67 6.77
Econoday 1.07 1.14 2.18 1.81 2.34 2.45 1.83
Forex Factory 2.14 2.22 4.58 2.26 2.92 3.95 3.01
FXStreet 5.02 4.01 6.05 4.99 11.06 5.16 6.05
Investing.com 9.90 11.47 15.94 6.63 9.86 11.80 10.93
MQL5.com 3.57 4.09 5.97 3.36 6.35 5.53 4.81
Myfxbook 6.51 6.81 8.34 6.75 9.30 11.27 8.16
TeleTrader.com 9.33 12.60 12.95 7.22 13.67 14.08 11.64
Trading Economics 3.31 4.58 5.33 4.66 4.98 6.70 4.92

As you can see, Econoday is the clear leader in terms of calendar load speed with Forex Factory following not far behind. However, the latter is clearly much more feature-rich and convenient compared to Econoday, which does not list any indicator values in the main table. The slowest calendar overall is TeleTrader.com, with results that aren’t the worst ones only in two geographical locations (US East Coast and South America). Investing.com comes worst in those two and isn’t much faster than TeleTrader.com overall.

A noteworthy fact is that the previous year’s fastest calendar (MQL5.com) became significantly slower and ended up on the third place in 2020. At the same time, Trading Economics has cut its loading time by 28%.

Number of Events

A Forex trader who needs to stay informed about all the events related to the currencies he or she trades, would be naturally inclined to look for a calendar that offers the maximum number of events. While the economic calendars do not miss out any major currency, they curtail the number of news events listed in their economic calendar. Since there is no way to add a custom news event to an economic calendar, it is important to select an economic calendar that offers as many relevant news events as possible. We have calculated the number of events provided by the 12 calendars for the four major currencies (EUR, GBP, JPY, and USD). In the calendars that don’t support currency filters, a country filter has been applied to include Japan, the United Kingdom, the United States, and all the countries of the eurozone. The calendar month used for assessing the completeness of an economic calendar was April 2020.

  • BabyPips.com — 197
  • DailyFX — 725
  • Dukascopy — 518
  • Econoday — 179
  • Forex Factory — 287
  • FXStreet — 591
  • Investing.com — 591
  • MQL5.com — 737
  • Myfxbook — 599
  • TeleTrader.com — 518
  • Trading Economics — 788

Trading Economics is a clear leader in terms of providing the maximum number of economic data items related to the four most traded currencies. MQL5.com and DailyFX are also quite heavy on the number of economic reports. On the other hand, Econoday, BabyPips.com, and Forex Factory would be more helpful to traders who are less interested in minor events and variations of the major ones.

Forecast Accuracy and Similarities

Quite often, a trader will come across differences in the forecast values offered by different calendars. The use of different primary data source contributes to the difference in forecast values. Are forecasts provided in one calendar consistently better than forecasts offered by other calendars?

To assess the forecast accuracy of economic calendars, we used the ‘US Non-Farm Payrolls’ data, a popular high-impact fundamental indicator, to calculate the standard error of forecasts for the period of 12 months, starting with the report released in June 2019 and ending with the report released in May 2020.

The following table provides the difference between the forecast and the actual values in thousands for the given month and calendar. For example, if the forecast value was 177k and the actual value was 75k, the difference recorded in the table is positive 102k; if the forecast value was 181k and the actual value was 263k, the negative difference -82k is recorded. The final column is the standard deviation for the sample of 12 observations for the given calendar:

Website/Month Jun
19
Jul Aug Sep Oct Nov Dec Jan
20
Feb Mar Apr May Avg.
BabyPips.com 120 -64 1 30 11 -43 -76 15 -60 -98 601 -179500 15052
DailyFX 100 -64 0 28 9 -39 -86 19 -65 -98 601 -1500 217
Dukascopy 110 -79 3 49 -1 -35 -74 25 -49 -85 581 -1464 213
Econoday 105 -75 -13 33 9 -38 -86 13 -65 -96 551 -1000 174
Forex Factory 102 -62 0 33 9 -38 -85 17 -62 -98 601 -1500 217
FXStreet 110 -64 0 28 9 -39 -86 19 -65 -98 601 -1500 218
Investing.com 110 -64 0 30 4 -39 -80 19 -65 -98 601 -1500 218
MQL5.com 95 -48 14 47 38 44 -98 23 -64 -112 864 20639 1841
Myfxbook 110 -64 0 28 9 -39 -86 19 -65 -98 601 -1500 218
TeleTrader.com 110 -64 0 28 9 -39 -86 19 -65 -98 601 -1500 218
Trading Economics 115 -53 -4 21 29 -28 -91 20 -77 -108 551 -1280 198

First thing you might notice by looking at the numbers is that all calendars forecast the NFP values quite crudely for half of the months and quite accurately for another half. The clear winner here, despite huge misses during the April-May period (due to the unforecastable COVID-19 pandemic impact), was Econoday. Not too far behind was Trading Economics (in-house forecasts). The worst one was BabyPips.com because it forecasted a fall by 200,000,000 (two hundred million) jobs for the May’s release — that’s greater than the size of the entire US workforce. Most likely it was just a typo, but an economic forecast isn’t something you can tolerate typos in. The next worst accuracy was at MQL5.com with their positive 139k forecast for May report where the actual value was negative -20,500k.

The second noticeable feature is that the calendars of DailyFX, FXStreet, Myfxbook.com, and TeleTrader.com use the same source for their forecasts.

Translations

All the top 11 Forex calendars are available in English. However, for the majority of FX traders, English is a foreign language, so it might be preferable for them to access the economic calendar in their native language. The calendars reviewed here approach this issue in different ways:

  • BabyPips.com does not offer its calendar in any language other than English.
  • DailyFX offers its service in Chinese (both simplified and traditional), French, German, and Spanish. Event descriptions aren’t translated.
  • Dukascopy doesn’t offer any translations of its economic calendar despite the fact that the website itself is available in many foreign languages.
  • Econoday does not provide any translations of its calendar.
  • Forex Factory offers web site only in English.
  • FXStreet offers its website and the economic calendar in 14 languages apart from English. The languages are Arabic, Chinese (simplified and traditional), French, German, Hungarian, Indonesian, Italian, Japanese, Portuguese, Russian, Spanish, Turkish, and Vietnamese. The translations are very professional and thorough.
  • Investing.com offers high-quality translations of its website and calendar in the following 23 languages: Arabic, Chinese (simplified and traditional), Dutch, Finnish, French, German, Greek, Hebrew, Hindu, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish, and Vietnamese.
  • MQL5.com calendars in non-English languages are well done. You can use it in Chinese (simplified), German, Japanese, Portuguese, Russian, and Spanish.
  • Myfxbook offers its calendar in 11 language (in addition to English). For Chinese, French, German, Japanese, Polish, Russian, and Spanish, the translations are very good with only minor interface elements left untranslated. Conversely, for Czech, Latvian, Slovak, and Swedish, almost nothing is translated.
  • TeleTrader.com offers its website and calendar in German, Hungarian, and Polish translations.
  • Trading Economics provides services in 24 languages in addition to English: Arabic, Bengali, Chinese, Danish, Finnish, French, German, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Norwegian, Persian, Polish, Portuguese, Russian, Spanish, Swahili, Swedish, Turkish, and Urdu. The event details can be read in the listed languages. However, the description is not provided.

Trading Economics leads the fray. It is closely followed by Investing.com and FXStreet. BabyPips.com, Dukascopy, Econoday, Forex Factory will be of little use to traders with poor understanding of English.

Extra Features

Some calendars offer extra features which deserve to be mentioned. The list compiles the additional features, if any, in each of the calendars being researched:

Forex Factory — displays the major central bank interest rates in a sub-window for quick reference.

Forex Factory - Central Banks

FXStreet — offers a special dashboard for each news event. This dashboard, in addition to their abovementioned amazing historic chart, features three volatility charts that shows how a chosen currency pair (you can select from EUR/USD, USD/JPY, GBP/USD, AUD/UDS, and USD/CAD) behaved statistically following the given news announcement. The first chart is the True Range one with 15-minute and 4-hour true ranges (plus average true ranges) plotted for several years of historic releases:

FXStreet - True Range Chart

The second chart is the Volatility Ratio one with 15-minute and 4-hour VRs (plus average VRs) plotted for several years of historic releases:

FXStreet - Volatility Ratio

The third chart is the most interesting one — True Range vs. Deviation. It plots the 15-minute and 4-hour true range against the deviation of the actual value from the forecast. As a result, you can see how the currency pair volatility correlates with larger news surprises. For example, here is the True Range vs. Deviation chart for EUR/USD and ISM services PMI:

FXStreet - True Range vs. Deviation

Investing.com — displays the time remaining for the upcoming news releases. There is also a handy link to the holidays calendar. Also, the central bank rates are available on the right sidebar:

Investing.com Forex Calendar - Central Bank Rates

Myfxbook — in addition to date and time of each event, the calendar displays the time remaining till each event. This might come handy to quickly assess the remaining time.

Trading Economics — provides chart-based comparison of economic indicators. For example, you can compare the US non-farm payrolls with the UK employment change:

Trading Economics Calendar - Historic Chart Comparison of US Nonfarm Payrolls vs. Canadian Employment Change

Advertisements

Most calendars use advertising as their main source of revenue. This allows them to provide free data services to all traders but cripples the calendar’s usability. Some calendars use advertisements sparsely while others can be overloaded with ads. Here, we review the situation with advertisements on Forex calendar websites:

  • BabyPips.com — has one banner above the calendar and two banners below it. They don’t distract from browsing at all.
  • DailyFX — the calendar belongs to IG broker, so its banner can be seen just below the event list. It is easy to ignore the banner.
  • Dukascopy — the calendar is on the broker’s website, so there are no ads at all.
  • Econoday — advertises its premium service whenever you click on the monthly or daily view. Other than that, there are no ads.
  • Forex Factory — has a sliding side banner and a bottom banner. The former can be somewhat distracting.
  • FXStreet — features a distracting interstitial ad, a full-page background banner, and a sliding sidebar with a flashing table of brokers’ spreads. The ads are very distracting.
  • Investing.com — has two banners above the calendar, one left-side sliding banner, and multiple normal right-side banners.
  • MQL5.com — features one top banner. It is easily ignored.
  • Myfxbook — has an interstitial ad, a top banner, and a number of side sliding banners.
  • TeleTrader.com — has no ads on the calendar page.
  • Trading Economics — has one banner above the calendar and one banner in the right sidebar. Not very distracting.

Exporting and Printing

Printing the calendar events allows traders to work on their trading plan away from keyboard, which can be useful sometimes. Exporting to printer-friendly formats or to spreadsheets lets further processing of the economic calendar data. Unfortunately, not all calendars allow such manipulations.

  • BabyPips.com — none.
  • DailyFX — lets you print out the calendar.
  • Dukascopy — none.
  • Econoday — none.
  • Forex Factory — lets you export the current week as CSV, JSON, and XML.
  • FXStreet — allows exporting the calendar in CSV and ICS format. You can first apply filters and date range, and the export function will respect those settings.
  • Investing.com — has a printer-friendly view of its economic calendar. Unfortunately, the function has some serious glitches. Users also report being able to manipulate calendar data through the calendar’s embedding feature.
  • MQL5.com — doesn’t allow exporting or printing but allows accessing the calendar events via its MetaTrader 5 platform.
  • Myfxbook — lets you export your filtered view in CSV and XML formats.
  • TeleTrader.com — none.
  • Trading Economics — offers data export and API access to paid subscribers only.

Summary

Use BabyPips.com if:

  • You are looking for a simple calendar with basic features.
  • You are looking for a calendar that doesn’t look congested and flashy.
  • You don’t need an event type filter.
  • You don’t want a long list of events.
  • Printing or exporting the macroeconomic data is not your priority.
  • You can read and understand English very well.
  • You aren’t bothered with typos in forecasts.

Use DailyFX if:

  • You would use keyword search to find events.
  • You want distraction-free browsing with sleek modern interface.
  • You often need to look back to a particular date to check past events.
  • You wish to quickly know the number of scheduled announcements for a day.
  • You don’t need to read about news events in non-English languages.

Use Dukascopy if:

  • You wish to know the frequency of an announcement.
  • You wish to view the historic chart with actual and forecast values.
  • You aren’t interested in the revised values.
  • You don’t want to print or export the calendar.

Use Econoday if:

  • You want a somewhat better forecast accuracy.
  • You want a simple distraction-free calendar.
  • You wish to have a detailed description of events.
  • You would like to monitor only the most important events.
  • You want a calendar that loads really fast.
  • You don’t want to print or export the calendar.
  • You aren’t looking for an auto-update feature.
  • You don’t care for not being able to view past year’s events.
  • You want to go through hell to browse the current year’s weeks.

Use Forex Factory if:

  • You want a detailed explanation of the indicators.
  • You regularly use historic graph/data.
  • You are looking for well organized and clean looking calendar.
  • You prefer accurate and timely reporting with clear revision marking and annotation.
  • You need a fast-loading calculator.
  • You can read and understand English very well.
  • You don’t want to stare at a long list of events.

Use FXStreet if:

  • You need the auto-update feature.
  • You want to filter events simultaneously with keyword and custom dates.
  • You prefer an in-depth study of the economic data.
  • You want to export the calendar to CSV or ICS.
  • You want to use event notifications.
  • You don’t mind an abundance of ads.

Use Investing.com if:

  • You prefer detailed explanations.
  • You wish the calendar page to auto-update and show the latest values.
  • You want to be able to search events by keyword.
  • You have a need for a calendar of market holidays in a lot of countries.
  • You aren’t bothered by too many ads occupying the calendar page.
  • You don’t mind waiting for the calendar to load.

Use MQL5.com if:

  • You prefer uncongested lean calendar.
  • You wish the calendar page to auto-update and show the latest values.
  • You want nice historic charts of the macroeconomic indicators’ values.
  • You like browsing your calendar on mobile.
  • You want to be able to load calendar data via MetaTrader 4 or MetaTrader 5 platform.
  • You don’t use event notifications.
  • You aren’t bothered with poor forecast accuracy.

Use Myfxbook if:

  • You want to easily set custom date ranges.
  • You want to export the calendar in CSV or XML formats.
  • You want to get email notifications of upcoming announcements.
  • You aren’t bothered by banners and interstitials.
  • You don’t need historic charts of past indicator values.

Use TeleTrader.com if:

  • You wish to study data based on specific events such as central bank interest rates.
  • You wish to quickly know the number of scheduled announcements for a day.
  • You prefer ad-free experience.
  • You aren’t particular about printing or exporting the calendar.
  • You are OK with a small number of languages the calendar is available in.
  • You don’t mind a very slow-loading calendar that requires reloading to update the values.
  • The poorly done mobile web version and mediocre mobile app experience don’t bother you.

Use Trading Economics if:

  • You wish to monitor nearly all the economic data of a country.
  • You want to compare two events on the chart.
  • You want the event values to auto-update.
  • You want good forecast accuracy.
  • You don’t mind registering to create a watch list and portfolio and for real-time economic news.

That is all for our 2020 review of the top economic calendars. The research will help you in choosing the right Forex calendar for your analytical needs. Of course, you can always use not just one but several calendars that fit your requirements.

Tell us how you use Forex calendars in your trading and which calendar is your favorite one!

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