It is impossible to get a clear and balanced picture of the market situation and make a profitable deal without a special tool of fundamental analysis, the Economic Calendar. This is a schedule of significant releases of key economic indicators, events, and news. Every investor needs to keep track of important macroeconomic data, announcements from central banks’ officials, speeches of political leaders, and other events in the financial world. The Economic Calendar indicates the time of data release, its importance, and ability to affect the exchange rates.
The President of Colombia, who is both head of state and head of government, is elected using the two-round system. If none of the candidates receive a majority in the first round, a run-off is held between the top two candidates. The winner will serve a term of four years.