What it Means:
For major economic releases, Topstep® refers to the economic calendar listed below (all times listed are in Central Time). Economic releases cause extreme volatility and large price swings, therefore, are very difficult to trade consistently and profitably. While we no longer require traders to flatten their trades for economic releases, we highly recommend using caution or to avoid trading when a release is coming up that may impact a product you are trading.
Why it is Important:
|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, 6M, M6A, M6E, 6N, MBT, MET|
|FOMC Statement 1:00 PM CT||ALL PRODUCTS|
|Crude Oil Inventories (EIA) 9:30 AM CT/10:00 AM CT*||CL, QM, MCL, RB|
|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 are and when they occur.
**Micro contracts also apply