Knowing about upcoming economic events is useful in stock trading because it allows you to make more informed decisions and anticipate potential market movements. Economic events, such as interest rate announcements, GDP reports, employment data, and consumer spending figures, can have a significant impact on the overall market and individual stocks. Here’s some examples of why this information is valuable:
Knowing about these events can help you to stay ahead of market-moving news, adjust your strategies, manage risk, and capitalize on potential trading opportunities. It’s a way for traders to make more educated decisions in a constantly changing financial landscape. The whole it’s better to swim with the tide, than against it.
Below is a short description of some of the major economic events and why they might be of particular interest: