The Economic Calendar: How to read and understand it

It’s critical that you comprehend and can interpret what you see on the calendar. Otherwise, using it as a trading tool is futile.

1: 1st of January

Economic events are listed in chronological order, along with the time and date the news will be (or was) made public.

2: 2 minutes remaining

Time left indicates how many minutes, hours, or days remain until the event is made public. Done denotes that the event has already occurred.

3: 3rd event

The flags show which country the incident will or may affect. However, other countries or assets may be affected.

4: Result – 4

A major indicator of how strongly the event can impact linked financial instruments. 

5: 5 Previous/Consensus/Real 

When each economic event is announced, the last consensus and actual data will be displayed on the top right of the economic calendar.

  • Actual: The data that has been made public.
  • Expect a number that has been agreed upon by experts.
  • Previous: The results of the last release’s data.

Economic calendar South Africa

Trading Economics offers a near-real-time economic calendar in South Africa that is updated 24 hours a day to its subscribers. Official sources, not third-party data suppliers, are used to calculate the actual values. Before an economic indicator is provided, previous data are available and marked as revised. Our analysts’ expectations generate forecasts and are technically projected using an autoregressive integrated moving average (ARIMA) model, with survey consensus reflecting the average projection among a sample group of economists.

One of Africa’s wealthiest South African economies attracts international investors’ attention as a potential investment destination. The South African Rand (ZAR) is one of the world’s top 20 most traded currencies. From an economic standpoint, we are particularly interested in South Africa for the following reasons: To begin with, according to the South African Reserve Bank, South Africa’s macroeconomic performance was excellent in the new years following a period of relative stagnation. Second, South Africa’s recent entry into the BRIC countries, as well as the announcement of the institution of the New Development Bank (NDB) to carry out the goal of establishing a Development Bank of emerging economies, renamed the group BRICS (Brazil, China, Russia, India, and South Africa), boosting the country’s international importance. Third, South Africa has a significant impact on the rest of the area.

Economic Calendar, and how does it help

It is aware of both good and bad/negative news reports, economic indicators, forthcoming market events, and government reports. The FX Economic Calendar is a useful tool for traders who want to keep abreast of global news events.

Learning about these events ahead of time will assist you in researching and evaluating the influence they may have on various financial instruments such as Forex, Equities, Indices, and Commodities.

Impact News Comes in Several Forms:

  • Low — Unless there is a significant upset, there will be little to no influence.
  • Medium – Depending on the conclusion, the markets may move.
  • High – Almost invariably results in large market fluctuations.

Conclusion

Consider taking all you’ve learned about Economic Calendar Investing into account. It will greatly aid and assist you in your future success and become a formidable instrument in your trading arsenal.

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