What Counts as Red Folder
Many economic calendars mark high-impact releases with a red icon, and traders call those days red folder days. This calendar copies no one's ratings: it follows one written rule.
The Eight Central Banks
When each announces, in its own city.
- USDFederal Reserve14:00 WashingtonStated by the bank
- EUREuropean Central Bank14:15 FrankfurtStated by the bank
- GBPBank of England12:00 LondonStated by the bank
- JPYBank of JapanNo time TokyoThe bank publishes none
- AUDReserve Bank of Australia14:30 SydneyUsual time, not stated on the pages read
- CADBank of Canada09:45 OttawaUsual time, not stated on the pages read
- NZDReserve Bank of New Zealand14:00 WellingtonUsual time, not stated on the pages read
- CHFSwiss National Bank09:30 ZurichStated by the bank
Five Economies, Three Kinds of Release
| Economy | Jobs | Inflation | Growth |
|---|---|---|---|
| USD United States | JobsUS Jobs Report: Nonfarm Payrolls (NFP)Bureau of Labor Statistics (the Employment Situation), 08:30 WashingtonAll NFP release dates | InflationUS Consumer Price Index (CPI)Bureau of Labor Statistics, 08:30 WashingtonAll CPI release dates | GrowthUS GDP Advance EstimateBureau of Economic Analysis, 08:30 Washington |
| EUR Euro Area | JobsNot counted here | InflationEuro Area Flash Inflation Estimate (HICP)Eurostat, 11:00 Luxembourg | GrowthEuro Area Preliminary Flash GDP EstimateEurostat, 11:00 Luxembourg |
| GBP United Kingdom | JobsUK Labour Market ReportOffice for National Statistics, 07:00 London | InflationUK Consumer Price Inflation (CPI)Office for National Statistics, 07:00 London | GrowthUK GDP First Quarterly EstimateOffice for National Statistics, 07:00 London |
| AUD Australia | JobsAustralia Labour Force SurveyAustralian Bureau of Statistics, 11:30 Canberra | InflationAustralia Consumer Price Index (CPI)Australian Bureau of Statistics, 11:30 Canberra | GrowthAustralia GDP (National Accounts)Australian Bureau of Statistics, 11:30 Canberra |
| CAD Canada | JobsCanada Labour Force SurveyStatistics Canada, 08:30 Ottawa | InflationCanada Consumer Price Index (CPI)Statistics Canada, 08:30 Ottawa | GrowthCanada GDP (Income and Expenditure Accounts)Statistics Canada, 08:30 Ottawa |
Dates and times only: no forecast, no result, no comment on what a figure means. A release with no published date is left out, and the sources say so.
Why Each Release Moves the Currency
What each kind of release measures, and why traders watch it. Education, not prediction. Pick a kind:
A central bank's rate sets the price of money in its currency, so a decision reprices that currency the moment it is out. Traders read the statement as closely as the rate, for what it says about the meetings ahead.
Jobs figures count how many people work and what they earn. Central banks weigh them when they set rates, so traders read them for what they say about the next decision.
Each of these banks has a goal for inflation. An inflation figure shows how far prices are from that goal, which shapes what the bank says and does at its next meeting.
GDP is the value of everything an economy produced in a quarter. The first estimate shows whether it grew or shrank, and how fast, which feeds into what the central bank does next.
What Happens Around a Release
What traders see depends on the symbol and the broker. These are the moments they describe most often. Pick one:
- The spread widens. The gap between Bid and Ask grows, and a new order pays it.
- Pending orders wait. One near the price can trigger on the first spike.
- Gaps. The chart jumps from one level to the next with nothing traded between.
- Stops fill past their level. A stop becomes a market order when triggered, so on a fast move it fills at the next price there is.
- Fills move. Orders can fill away from the price asked for, in either direction.
- The price can turn back. An order triggered on the first spike can end up against you minutes later.
- The spread narrows again as quotes come back.
None of this makes a release day a day to avoid. A position held through one carries more risk than its stop distance suggests, so make the plan before the release, not during it.
What Traders Do About It
Traders who plan around these days pick one or more of these.
- No New EntryNothing new in the minutes before a release.
- A Smaller SizeSo a stop filled past its level is still a loss they can take.
- Stop at BreakevenA spike against the trade closes it near entry, though a gap can still fill it past its level.
- Flat BeforeOut before the release, looking for a new entry after it.
- Minutes Either SideA rule of their own to stay out for a few minutes. The times on this page help.
Stopline Trade Manager helps with two of these. Both editions, Stopline Trade Manager and Stopline Trade Manager EZ, have a spread limit that blocks a new entry while the spread is wider than you set. The full edition's Trade Time Manager can close trades at a set time, for example before the news or the weekend.
Daylight Saving and Release Times
Every release is set in its own city's time. The calendar converts each one to your zone for its own date, so the clock changes below are already in the list.
- Europe goes back
- US and Canada go back
- US and Canada go forward
- Europe goes forward
- Sydney, Canberra and Auckland go back
Japan has no daylight saving. Between two clock changes, two cities can be an hour closer or further apart than usual.
One New York Time, Two London Times
Both cities on summer time: five hours apart, as usual.
London is back on GMT, New York not yet: four hours apart for one week. The US GDP Advance Estimate of Thursday 29 October 2026 comes out at 12:30 in London.
Both on winter time: five hours apart again. The US Jobs Report of Friday 6 November 2026 comes out at 13:30 in London.
Why a Time Can Be Missing
The Bank of Japan lists its meeting dates in advance but gives no time for the decision, which comes on the meeting's second day. Its rows show the date only and stay on that Tokyo date in every time zone. A release with no published date has no row at all.
Check It in MetaTrader
Toolbox window › Calendar tab › right-click to filter
MetaTrader 5 has an economic calendar of its own. MetaQuotes' help page says each row gives a release time, a priority and the current, forecast and previous values, and that the right-click menu filters the list by priority, currency or country.
The help page does not say which time zone the tab uses, so compare one row with this page first.
Test Yourself
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Questions
What Does Red Folder Mean on a Calendar?
Many economic calendars mark high-impact releases with a red icon, and traders call those days red folder days. This calendar follows one written rule instead of anyone's rating: the rate decisions of eight central banks, and the headline jobs, inflation and GDP releases of five economies.
Does the Calendar Show Forecasts or Results?
No. It gives the date and time of each release, a link to the official page, and each central bank's current rate as its own page states it. It holds no forecast, no result and no comment on what a figure means. When a release comes out, the agency's own page has the figures.
Where Do the Rates in The Eight Banks Now Come From?
From each bank's own page, read on the date the card shows. A rate changes only at a decision, so after a bank's next decision the card says it was read before it, until the page is read again. A bank whose page could not be read shows no figure.
How Do I Get These Dates into My Own Calendar?
Press Add to Calendar beside a release, or Add All Shown for the whole list. Each saves a file that your calendar app opens. To keep every release, subscribe to the .ics file linked beside the countdown. Your calendar app decides how often it reads that file again, so check a date before you rely on an old copy.
Which Dates Can Still Change?
Any of them. The Federal Reserve lists each meeting as tentative until the meeting before it confirms the date, and rows marked "date not confirmed yet" are those. Central banks and statistics offices can also move a release. Check the official page linked on the row before you rely on a date.
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Where the Dates Come From
Schedule compiled from the official pages below, for releases up to . Each row of the calendar links to the page its date came from. A script reads the schedules of the US, Australian and UK statistics offices. The central bank, Eurostat and Statistics Canada dates are kept by hand and checked by a second script where the page allows. Nothing is taken from another calendar.
| Institution | Page Read | Covers | Date Read |
|---|---|---|---|
| Federal Reserve Board | federalreserve.gov/ | FOMC meeting dates | |
| European Central Bank | ecb.europa.eu/ | Governing Council monetary policy meeting dates | |
| Bank of England | bankofengland.co.uk/ | Monetary Policy Committee announcement dates | |
| Bank of Japan | boj.or.jp/ | Monetary Policy Meeting dates | |
| Reserve Bank of Australia | rba.gov.au/ | Monetary Policy Board meeting dates | |
| Bank of Canada | bankofcanada.ca/ | Interest rate announcement dates | |
| Reserve Bank of New Zealand | rbnz.govt.nz/ | Official Cash Rate decision dates | |
| Swiss National Bank | snb.ch/ | Monetary policy assessment dates | |
| US Bureau of Labor Statistics | bls.gov/ | Employment Situation and Consumer Price Index release dates | |
| US Bureau of Economic Analysis | bea.gov/ | Gross Domestic Product release dates | |
| Australian Bureau of Statistics | abs.gov.au/ | Labour Force, Consumer Price Index and National Accounts release dates | |
| UK Office for National Statistics | ons.gov.uk/ | Labour market, consumer price inflation and GDP release dates | |
| Eurostat | ec.europa.eu/ | Euro indicator release dates | |
| Eurostat quarterly national accounts release plan | ec.europa.eu/ | Preliminary GDP flash dates | |
| Statistics Canada | www150.statcan.gc.ca/ | Labour Force Survey, Consumer Price Index and GDP release dates |
- Federal Reserve Board: The Board lists each meeting date as tentative until it is confirmed at the meeting before it.
- Bank of Japan: The Bank publishes no announcement time, so its rows show the date only.
- Australian Bureau of Statistics: The Bureau's calendar lists releases to the end of March 2027; Australian releases after that are not shown.
- Eurostat: The weekly calendar lists releases to 18 December 2026. Flash inflation dates after that are not yet published, so none are shown.
- Eurostat quarterly national accounts release plan: Dates in this plan are provisional until they appear in the weekly release calendar.
- Statistics Canada: The 2026 to 2027 release dates file lists dates to March 2027; later Canadian releases are not shown.
Where the Rates Come From
| Central Bank | Page Read | Figure | Date Read |
|---|---|---|---|
| Federal Reserve | federalreserve.gov/ | Target range for the federal funds rate: 3.75 to 4.00 %, up 0.25 percentage point since 17 Sep 2026 | |
| European Central Bank | ecb.europa.eu/ | Deposit facility rate: 2.50 %, up 0.25 percentage point since 16 Sep 2026 | |
| Bank of England | bankofengland.co.uk/ | Bank Rate: 3.75 %, down 0.25 percentage point since 18 Dec 2025 | |
| Bank of Japan | boj.or.jp/ | Short-term policy rate (overnight call rate, around): 1.25 %, up 0.25 percentage point since 24 Sep 2026 | |
| Reserve Bank of Australia | rba.gov.au/ | Cash rate target: 4.60 %, up 0.25 percentage point since 30 Sep 2026 | |
| Bank of Canada | bankofcanada.ca/ | Policy interest rate: 2.25 %, down 0.25 percentage point since 30 Oct 2025 | |
| Reserve Bank of New Zealand | rbnz.govt.nz/ | Official Cash Rate: 2.75 %, up 0.25 percentage point since 3 Sep 2026 | |
| Swiss National Bank | snb.ch/ | SNB policy rate: 0.00 %, down 0.25 percentage point since 20 Jun 2025 |
- Federal Reserve: The table of changes in the target range gives the date each change took effect.
- European Central Bank: The table of key ECB interest rates gives the date each rate applies with effect from.
- Bank of Japan: Decided on 18 September 2026: the Bank guides the uncollateralized overnight call rate to around 1.25 percent, up from around 1.0 percent set on 16 June 2026, effective from 24 September 2026.
- Reserve Bank of Australia: The table of interest rate decisions gives the effective date of each change.
- Bank of Canada: The cut was announced on 29 October 2025; the Bank's page says a change takes effect the day after its announcement.
- Reserve Bank of New Zealand: Read in a browser (the Bank's site refuses automated requests). Announced 2 September 2026; the OCR is implemented the working day after the announcement.
- Swiss National Bank: The rate is from the press release of 24 September 2026 (unchanged at 0 percent); the date of the last change is from the SNB policy rate series on the SNB's data portal.
When the compiled date is more than 14 days old the page says so, and after 60 days it replaces the list with links to the official pages, because a wrong date is worse than none.