When I first started trading, I barely paid attention to economic data. I was all about charts, indicators, and hype. But after getting caught in a few unexpected moves, I started to realize how powerful macro news really is - especially CPI and jobless claims.
Now, those two are a key part of my routine. CPI gives me a direct sense of how inflation is trending, and jobless claims show how strong (or weak) the labor market is. Together, they shape market expectations around interest rate changes - and that moves everything, from Bitcoin to stocks.
I’ve seen markets pump or dump within seconds of those releases. That’s why I never open a new trade before checking the calendar. It’s not just about being informed - it’s about being prepared.
Don’t ignore the data. It’s the heartbeat of the market!