Economic Calendar

Level Up Your CFD Trading Skills:

Start Using the Economic Calendar Now

The CFD market can be quite overwhelming with currency valuations changing in a blink. The SASA Markets Economic Calendar is your ally to unlocking the secrets. It offers a roadmap to upcoming events that have the power to impact currency valuations and empower you to trade confidently.

What is the Economic Calendar?

Think of the economic calendar as your personal event planner for the financial world. It lists upcoming economic releases and data announcements that have the potential to influence exchange rates. These events include:

Interest Rate Decisions:

Get ready! Central bank announcements about interest rates can send shockwaves through currency markets.

Inflation Reports:

Rising prices? The inflation report unveils the culprit, impacting purchasing power and potentially weakening currencies.

Gross Domestic Product (GDP):

This economic growth report is a magnet for investor confidence. Strong GDP means stronger currency.

Non-Farm Payroll:

Job creation in the US takes centre stage with the Non-Farm Payroll report. It potentially influences the US dollar (USD).

How to Trade Using the

Economic Calendar?

The economic calendar isn’t a magic ball, but it provides valuable insights that can enhance your trading decisions. How can you leverage it?

1- Identify High-Impact Events:

Focus on events with a high potential to move the markets. For instance interest rate decisions or major economic data releases.

2- Analyse Forecasts:

The calendar often includes analyst forecasts for key data points. Compare these forecasts to the actual release to gauge potential market reactions.

3- Understand the Currency Correlation:

Certain currencies are more sensitive to specific events. For example, the USD might react strongly to US data releases. On the other hand the EUR might be more affected by ECB (European Central Bank) actions.

4- Plan Your Trades:

Position yourself in anticipation of potential market activity based on your analysis. This could involve entering long or short positions depending on your forecast for the currency pair’s direction.

How to Read the Economic Calendar?

The SASA Markets Economic Calendar is designed for ease of use. Here’s a quick guide to navigating it:

Event: List of upcoming economic events.
Currency: The currency pair/s most likely to be affected by the event.
Date & Time: The exact date and time of the event release.
Actual: The actual data released (filled in after the event occurs).
Forecast: Analyst forecasts for certain key data points (available before the event).
Previous: The previous data release for reference (available for some events).
Impact: The potential impact of the event on the market (high, medium, low).

Why is the Economic Calendar Important?

The economic calendar is crucial because economic data releases can trigger significant currency movements. By being informed about upcoming events and understanding their potential effect, you can:

Make Prepared Trading Decisions: The economic calendar helps you foresee potential market reactions and adjust your trading strategies accordingly.

Identify Trading Opportunities: Economic events can create volatility. This presents opportunities for both short-term and long-term trades.

Manage Risk: Through understanding how upcoming events might affect the market, you can take necessary steps for risk exposure.

Become a Master of the Market with SASA Markets Tools

The economic calendar is just one of the many powerful tools at your service as a SASA trader. Explore our comprehensive suite of tools designed to empower your trading skills.

Open an account today and unlock the full potential of the SASA Markets Economic Calendar – your key to exploring the ever-changing CFD market with confidence!