I have been trying to figure out the economic calendar in babypips. In my platform there is a time shown on the bottom. But i do not know what time it represent. Then the economic calendar provide by babypips have it own time. So i try to match it but it really doesnt match.
Other things is how to read those economic calendar. I only understand if the report is worse or better by the color codes. What i dont understand is the actual n forecast. What if the actual figure is lesser than the forecast is that good or bad and vice versa.
I need help here cos im going to have breakfast in tiffany. Lol.
You can adjust the time on the baby pips calendar to match your local time at the top. If you can’t see the settings then you might need to click the green “Edit Display Settings” button.
So if you’re 7 hours ahead of GMT then change the time setting to +7 etc to match your local time… then you’ll be able to see what time the news is coming out your local time… and that should match what you see in your trading platform as long as that too is set to your local time.
The forecast result will vary, for example for unemployment, if the forecast is 3.9% and the result is 3.1% then the number will be GREEN because having a lesser figure than the forecast means the unemployment levels were lower than forecast which is GOOD.
If it was for growth, and the forecast was 3.9% and the result was 3.1% then the number will be ORANGE because having a lesser figure than the forecast means that growth was lower than expected compared to the forecast which is BAD.