Broker/Data: Advantage Futures, Ninja/TT and InvestorRT/IQFeed.
Favorite Futures: Treasury futures
Posts: 275 since Nov 2010
Thanks: 162 given,
My rule of thumb is that if it gets a B- or higher for Importance on Yahoo Briefing economic calendar, avoid it: Economic Calendar: Financial Calendars - Yahoo! Finance. If the report is hyperlinked, it should have an importance rating. Less than a B-, I'm willing to stay in if I really like the trade.
Purchasing Managers reports are very important: ISM, ISM Services, Chicago PMI, Empire State Manufacturing. Philly Fed is very big. Also CPI and PPI. Retail Sales. Consumer Confidence and Univ. of Michigan Sentiment. GDP. Employment Situation, Fed rate decisions, Fed minutes, and auction results are the biggest IMO.
Lately the early AM numbers haven't meant that much to me because I usually start finding trades I like after 8:00AM CST. You have to be careful around the Purchasing Managers numbers, because they sometimes come out a few minutes early. Also, Univ. of Michigan Sentiment is a subscription number and subscribers get it five minutes before you do.
"You don't need a weatherman to know which way the wind blows..."
The following user says Thank You to jstnbrg for this post: