• Another Lamborghini from Salma!Maybe it will be you who will take the keys!

    Just make a deposit of at least $1,000 to your account!

    Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

    Salma – invest in your victories!

  • toolbarCollapseOpenAccount_1
  • Salma Client Cabinet

    • Personal settings
    • Access to all Salma services
    • Detailed statistics and reports on trades
    • Full range of financial transactions
    • System of managing several accounts
    • Maximum data protection
  • cabinet_client1

Company News

Determining the mission to give traders opportunities in every second, SalmaMarkets has been attempting to provide clients with as many advantages as possible.

demo Company News

How Economic Trend Affects Trading by Best Forex Broker

The economic calendar is one of the basics for fundamental Forex analysis with the best forex broker. The dynamics of a currency pair depends on economic news that is published every day. Every currency is affected by a variety of events that you must know in order to be better prepared with changes in the market.

The first economic calendar that you should know is USD. The currency market for the US starts with two main indicators of the health of the American economy: manufacturing and non-manufacturing PMI data from the Institute of Supply Management (ISM) for the previous month.

The first week is also important because there is a release of non-farm employment change data (NFP). This indicator shows the number of jobs created in the United States in the previous month. The official NFP, unemployment rate and average income are usually released on the first Friday of each month. Around the middle of the month, it is necessary to monitor inflation indicators namely the producer price index (PPI) and the consumer price index (CPI). 

At the same time reports for retail sales and core retail sales were released. Tuesday, the end of the month, is the time to release the level of consumer confidence. The high value of this indicator means that consumers spend a lot of money thereby driving the production and growth of the American economy.


Economic Calendar for EUR

The Eurozone is a currency region consisting of many countries, so traders must pay attention not only to the release of data for Europe but also to local events in member countries. The biggest role here is owned by Germany because it has the strongest and largest economy in the region. 

The market is paying attention to the speech of the president of the Bundesbank (German central bank). The full schedule is on the official website of the central bank. ZEW economic sentiment index for the European and German zones is released on the second or third Tuesday of the month.

The third week of each month is very important for two early European indices: PMI manufacturing and PMI services. These indexes are also released for Germany and France. The German Ifo business climate index was also released in the same period.

Later this month contains figures on preliminary CPI for Germany, Spain, France, Italy, and the whole European Zone. The level of circulation of money in the Eurozone is issued 28 days after the end of the month. The last working day of the month is when regional unemployment rate data is released.

Economic Calendar for GBP

The first three business days in the UK are when data is released for manufacturing, construction and service PMI. This index is based on a survey of hundreds of purchasing managers because it represents data on the condition of the UK economy.

The initial index of business investment, GDP growth and manufacturing production is usually released on the 10th-11th of this month (40 days after the end of the month). It takes longer (about 45 days) for the National Statistics Office to release data on average income index and unemployment rate.

Consumer, producer, and retail price index (CPI, PPI, and RPI) are released around 14-16 days after the end of the month. Data on changes in the number of job applicants, showing how many people requested unemployment benefits during the previous month was also released during this period.

Changes in the total value of retail sales are released around 20 days after the end of the month. It is important to keep in mind the volume of the clean general lending sector because it will be released around 22-23 days after the end of the month. That is why you should get to know Salma Market’s forex broker as the best forex broker to keep reminding you about this matter.




Show older comments

ic_info 24/5 Customer Support

Our dedicated team of customer support agents is on hand to provide you with localised support in 10 languages.