Gross Domestic Product (GDP)
What is gross domestic product?
The gross national product is the most frequently used measure of the economic performance of an economy over a given period. The GDP reflects the monetary value of all domestically produced goods and services. It is measured and announced on a quarterly or annual basis. For us as traders, this means being more cautious just before the news drop. You should hedge your positions (e.g., currencies) accordingly with partial sales or tight stops.