Live this week16 releases explainedCFDs and futures

Economic calendar

This week's high and medium impact releases, live from the calendar the WhitePips dashboard uses, and the major releases explained: when they come out, what they move and how the trading rules treat them.

  • 16major releases explained
  • 15 minCFD straddling window, either side
  • 2 minfunded futures window, either side

This week's Red and Amber releases

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Times in your own time zone and in New York; releases already out are dimmed. Red is high impact, Amber medium; the ratings are the calendar feed's.

Rate decisionsUsual schedule

Central banks

Central bank · USDFOMC rate decisionEight a year, on a Wednesday, 2:00 PM New York.Explained Central bank · EURECB rate decisionEight a year, on a Thursday, 8:15 AM New York.Explained Central bank · GBPBoE rate decisionEight a year, on a Thursday, 7:00 AM New York.Explained Central bank · JPYBoJ rate decisionEight a year, at the end of a two-day meeting, around midday Tokyo time.Explained Central bank · AUDRBA rate decisionEight a year, on a Tuesday, 2:30 PM Sydney time.Explained Central bank · CADBoC rate decisionEight a year, on a Wednesday, 9:45 AM New York.Explained Central bank · CHFSNB rate decisionQuarterly, on a Thursday, 3:30 AM New York.Explained
Price dataUsual schedule

Inflation

Inflation · USDUS CPI inflationAround the 10th to 15th of the month, 8:30 AM New York.Explained Inflation · USDPCE inflationLast week of the month, 8:30 AM New York.Explained Inflation · EUREurozone CPIFlash estimate at the month's end, 5:00 AM New York.Explained Inflation · GBPUK CPIMid-month, on a Wednesday, 2:00 AM New York.Explained
Labour and activityUsual schedule

Jobs and growth

Jobs · USDNon-Farm Payrolls (NFP)First Friday of the month, 8:30 AM New York.Explained Growth · USDUS GDPQuarterly: late January, April, July, October, 8:30 AM New York.Explained Growth · USDUS retail salesAround the middle of the month, 8:30 AM New York.Explained Growth · USDISM Manufacturing PMIFirst business day of the month, 10:00 AM New York.Explained Jobs · USDUS jobless claimsEvery Thursday, 8:30 AM New York.Explained
Usual scheduleTimes in New York

A typical month

The usual timing of each release. Exact dates move with holidays and each publisher's calendar; the live week above, and the dashboard's calendar, show the actual times.

ReleaseCurrencyHow oftenUsual dayUsual timeRating
Non-Farm Payrolls (NFP)USDMonthlyFirst Friday of the month8:30 AM New YorkRed
US CPI inflationUSDMonthlyAround the 10th to 15th of the month8:30 AM New YorkRed
FOMC rate decisionUSDEight scheduled meetings a yearEight a year, on a Wednesday2:00 PM New YorkRed
PCE inflationUSDMonthlyLast week of the month8:30 AM New YorkRed
US GDPUSDQuarterlyQuarterly: late January, April, July, October8:30 AM New YorkRed
US retail salesUSDMonthlyAround the middle of the month8:30 AM New YorkRed
ISM Manufacturing PMIUSDMonthlyFirst business day of the month10:00 AM New YorkRed or Amber
US jobless claimsUSDWeeklyEvery Thursday8:30 AM New YorkAmber or Red
ECB rate decisionEUREight monetary policy meetings a yearEight a year, on a Thursday8:15 AM New YorkRed
Eurozone CPIEURMonthlyFlash estimate at the month's end5:00 AM New YorkRed or Amber
BoE rate decisionGBPEight scheduled announcements a yearEight a year, on a Thursday7:00 AM New YorkRed
UK CPIGBPMonthlyMid-month, on a Wednesday2:00 AM New YorkRed
BoJ rate decisionJPYEight Monetary Policy Meetings a yearEight a year, at the end of a two-day meetingaround midday Tokyo timeRed
RBA rate decisionAUDEight meetings a yearEight a year, on a Tuesday2:30 PM Sydney timeRed
BoC rate decisionCADEight scheduled announcement dates a yearEight a year, on a Wednesday9:45 AM New YorkRed
SNB rate decisionCHFQuarterlyQuarterly, on a Thursday3:30 AM New YorkRed
Trading Rules, section 11In the rules' own words

Trading the news at WhitePips

CFD plans Every plan, every stage

News trading is permitted on every CFD plan. You may open, hold and close positions before, during and after economic releases on every CFD plan, in the evaluation and once funded. There is no restricted window around a release on a CFD account, and no profit is removed because a trade was placed around news.

News straddling is not permitted. On every CFD plan, you may not open straddled, offsetting or hedged exposure on the same or correlated instruments within 15 minutes before or after a scheduled Red or Amber (high or medium impact) economic event, a company earnings release, or a major geopolitical announcement, where the purpose is to capture the volatility of the event rather than to take a view on its outcome. Placing a buy and a sell (or a buy stop and a sell stop) on the same instrument, or opposite positions on correlated instruments such as EURUSD and USDCHF, so that whichever way the price jumps one side profits, is straddling. A single position, or positions in one direction, taken on your own view of the release is not.

Trading Rules, sections 11.1 and 11.2. Each straddle is detected and referred to the risk desk, never penalised automatically.

Futures plans One Step funded, Instant

Futures plans. On the futures plans news trading is permitted during the One Step evaluation. On a funded futures account (One Step funded and Instant) no trade may be opened or closed from two minutes before to two minutes after a high-impact release; a position opened before the window may be held through it. Profit from such a trade is removed and the loss stays. The first and second violations are warnings, and the third is referred for compliance review. A news trading violation never ends an account automatically. The releases are those marked as high impact in the economic calendar shown in the dashboard or notified to you.

Trading Rules, section 11.4.

Section 11 of the Trading Rules News trading, explained

QuestionsShort answers

Economic calendar: questions

Is news trading allowed at WhitePips?

On every CFD plan, yes, in the evaluation and once funded: there is no restricted window around a release. Straddling is not allowed: opening both directions, or offsetting positions on correlated instruments, within 15 minutes either side of a Red or Amber release to catch the spike. On a funded futures account, no trade may be opened or closed from two minutes before to two minutes after a high-impact release.

What do Red and Amber mean?

The calendar's impact ratings: Red is high impact, Amber medium. The CFD straddling rule covers both; the futures window covers releases marked high impact in the dashboard's calendar.

Where does the live calendar come from?

From the same weekly economic calendar feed the WhitePips dashboard shows, read by the page when you open it. Times are shown in your own time zone and in New York.

Do I need to close positions before a release?

No. A position you opened before a release may be held through it on every plan. On a funded futures account you may not open or close a trade inside the two-minute window.

Which releases move markets most?

Central bank decisions (the Fed, ECB, Bank of England, Bank of Japan), US jobs (Non-Farm Payrolls) and inflation (CPI). Each has its own page here with its usual time and the symbols it moves.

CFDs and futuresNo time limit

Put the numbers to work

Every plan, size and price, with the rules printed before you buy. News trading is allowed on every CFD plan.

See the plansTrading calculator