Macro for Professionals ยท Lesson 5
Trading the economic calendar
Surprises, consensus and risk around events
Professional - Gold & Platinum

In this lesson
Read economic releases against consensus, understand typical market reactions, and manage risk around events.
Key takeaways
- Markets react to the surprise versus consensus, not to the headline number itself.
- A hot inflation surprise typically lifts yields and the dollar and pressures stocks and crypto.
- Highest-impact releases: inflation, jobs, central-bank decisions, GDP.
- Around events, reduce size, expect wider spreads and slippage, or wait.
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