Economic statistics are released almost every day the market is open. As such, economic news can impact the outcome of your trades. Traders will recognize these events such as FOMC rate decisions, Crude Oil Reports, Employment Reports and GDP. These reports present important economic data that can have an effect on the direction of the market. As a trader, you will want to follow an economic data calendar so that you are aware of when the announcements will take place and make a plan to deal with your trades if they will be impacted by the reports. You can refer to the CME Group website for the economic release calendar.
