What it Means:
For major economic releases, TopstepTrader® refers to the economic calendar listed below. Economic releases cause extreme volatility and large price swings, therefore, are very difficult to trade consistently and profitably. Due to this increased risk, all traders in the Trading Combine® Step 2 and Funded Account™ cannot have any open positions on one (1) minute before and until one (1) minute after a major economic release.
Those in Step 1 do not need to be flat during any releases.
Why it is Important:
- This allows the market to digest new information, ensuring responsible risk management
- It’s important to know what releases affect the product(s) you are trading
|Unemployment Rate 7:30 AM CT||ES, NKD, NQ, 6A, 6B, 6C, 6E, 6J, 6S, E7, GE, YM, UB, ZT, ZF, ZN, ZB, GC, RTY, SI, HG, TN|
|Non-Farm Employment change 7:30 AM CT|
|FOMC Statement 1:00 PM CT||ALL PRODUCTS|
|US GDP (Advance) 7:30 AM CT||ALL PRODUCTS|
|Crude Oil Inventories (EIA) 9:30 AM CT/10:00 AM CT*||CL, QM|
|Natural Gas Inventories (EIA) 9:30 AM CT||NG, QG|
|Crop Production 11:00 AM CT||ZC, ZS, ZW, ZM, ZL|
*Pending Abbreviated Trading Hours. Times are subject to change without notice, Traders are responsible for being aware of what economic releases apply to their accounts and when they occur.