Calendario economico

Sigue eventos macro de impacto alto y medio en hora Europe/Athens para planificar riesgo y ejecutar con mas confianza.

Vista principal: Calendario economico diario (Europe/Athens, impacto alto + medio)

116 Eventos esta semana
32 Alto impacto
Times shown in Madrid (UTC+2) - Local time: 19:12
Tus instrumentos
Crypto
Energy
Fx
Indices
Metals
Impacto en el mercado
Sesión de trading
Borrar todo
lunes 13 Abr 2026
15 eventos
02:00

Japan BOJ Gov Ueda Speech

An economic data release or official event that may affect the markets.

JP JPY
Mercados afectados: USDJPY NIKKEI XAUUSD
10:00

Australia Myfxbook AUDUSD Sentiment

An economic data release or official event that may affect the markets.

AU AUD
Previous 27.0%
10:00

Switzerland Myfxbook USDCHF Sentiment

An economic data release or official event that may affect the markets.

CH CHF
Previous 59.0%
10:00

Japan Myfxbook USDJPY Sentiment

An economic data release or official event that may affect the markets.

JP JPY
Previous 38.0%
10:00

European Union Myfxbook EURUSD Sentiment

An economic data release or official event that may affect the markets.

Previous 45.0%
10:00

United Kingdom Myfxbook GBPUSD Sentiment

An economic data release or official event that may affect the markets.

GB GBP
Previous 62.0%
10:00

Canada Myfxbook USDCAD Sentiment

An economic data release or official event that may affect the markets.

CA CAD
Previous 23.0%
10:00

New Zealand Myfxbook NZDUSD Sentiment

An economic data release or official event that may affect the markets.

NZ NZD
Previous 84.0%
12:00

Euro Area ECB Guindos Speech

An economic data release or official event that may affect the markets.

EU EUR
Mercados afectados: DAX EUROSTOXX50 EURUSD EURGBP EURCHF XAUUSD
12:00

China New Yuan Loans

An economic data release or official event that may affect the markets.

CN CNY
Esperado CNY3400.0B
Previous CNY900.0B
12:30

India Inflation Rate YoY

An economic data release or official event that may affect the markets.

Esperado 3.48%
Previous 3.21%
13:30

Brazil BCB Focus Market Readout

An economic data release or official event that may affect the markets.

14:15

Euro Area ECB Guindos Speech

An economic data release or official event that may affect the markets.

EU EUR
Mercados afectados: DAX EUROSTOXX50 EURUSD EURGBP EURCHF XAUUSD
16:00

United States Existing Home Sales MoM

An economic data release or official event that may affect the markets.

US USD
Esperado -2.0%
Previous 1.7%
Mercados afectados: SPX EURUSD DXY NDX DJI XAUUSD
16:00

United States Existing Home Sales

An economic data release or official event that may affect the markets.

US USD
Esperado 4.01M
Previous 4.09M
Mercados afectados: SPX EURUSD DXY NDX DJI XAUUSD
martes 14 Abr 2026
28 eventos
00:15

Australia RBA Hauser Speech

An economic data release or official event that may affect the markets.

AU AUD
00:20

United States Fed Miran Speech

An economic data release or official event that may affect the markets.

US USD
Mercados afectados: SPX NDX EURUSD DXY DJI XAUUSD USDJPY DAX BTCUSD
01:01

United Kingdom BRC Retail Sales Monitor YoY

How much consumers are spending in shops. Consumer spending drives most of the economy.

GB GBP
Esperado 0.9%
Previous 0.7%
02:00

Singapore GDP Growth Rate QoQ

Gross Domestic Product — the total value of everything a country produces. The broadest measure of economic growth.

Esperado -0.5%
Actual -0.3%
Previous 1.3%
Superó pronóstico
02:30

Australia Westpac Consumer Confidence Change

Survey of how optimistic people feel about the economy. Confident consumers spend more.

AU AUD
Esperado -1.8%
Actual -12.5%
Previous 1.2%
No alcanzó pronóstico
02:30

Australia Westpac Consumer Confidence Index

Survey of how optimistic people feel about the economy. Confident consumers spend more.

AU AUD
Esperado 89.0
Actual 80.1
Previous 91.6
No alcanzó pronóstico
03:30

Australia NAB Business Confidence

How much stock businesses are holding. Rising inventories can signal slowing demand.

AU AUD
Esperado -6.0
Actual -29.0
Previous 0.0
No alcanzó pronóstico
05:00

China Imports YoY

An economic data release or official event that may affect the markets.

CN CNY
Esperado 11.1%
Actual 27.8%
Previous 13.8%
Superó pronóstico
05:00

China Exports YoY

An economic data release or official event that may affect the markets.

CN CNY
Esperado 8.3%
Actual 2.5%
Previous 39.6%
No alcanzó pronóstico
05:00

China Balance of Trade

An economic data release or official event that may affect the markets.

CN CNY
Esperado $112.0B
Actual $51.13B
Previous $90.98B
08:00

Germany Wholesale Prices YoY

An economic data release or official event that may affect the markets.

DE EUR
Esperado 1.0%
Actual 4.1%
Previous 1.2%
Superó pronóstico
08:00

Germany Wholesale Prices MoM

An economic data release or official event that may affect the markets.

DE EUR
Esperado 0.4%
Actual 2.7%
Previous 0.6%
Superó pronóstico
11:00

ECB Governing Council urges Single Market boost to strengthen bank competitiveness

An economic data release or official event that may affect the markets.

EU EUR
Mercados afectados: DAX EUROSTOXX50 EURUSD EURGBP EURCHF XAUUSD
14:15

United States ADP Employment Change Weekly

Private-sector jobs estimate, released before the official report. Used as an early indicator.

US USD
Actual 39.0K
Previous 26.0K
Mercados afectados: SPX EURUSD DXY NDX DJI XAUUSD
14:30

United States PPI MoM

Producer Price Index — what manufacturers pay for goods. A leading indicator for consumer inflation.

US USD
Esperado 1.1%
Actual 0.5%
Previous 0.5%
No alcanzó pronóstico
Mercados afectados: SPX EURUSD DXY NDX DJI XAUUSD
14:30

United States Core PPI MoM

Producer Price Index — what manufacturers pay for goods. A leading indicator for consumer inflation.

US USD
Esperado 0.5%
Actual 0.1%
Previous 0.3%
No alcanzó pronóstico
16:00

Philip R. Lane: The economic outlook and monetary policy in the euro area

An economic data release or official event that may affect the markets.

EU EUR
Mercados afectados: DAX EUROSTOXX50 EURUSD EURGBP EURCHF XAUUSD
16:00

Brazil Business Confidence

How much stock businesses are holding. Rising inventories can signal slowing demand.

Esperado 46.0
Previous 46.6
18:00

United Kingdom BoE Gov Bailey

An economic data release or official event that may affect the markets.

GB GBP
Mercados afectados: GBPUSD EURGBP FTSE100
18:15

United States Fed Goolsbee Speech

An economic data release or official event that may affect the markets.

US USD
Mercados afectados: SPX NDX EURUSD DXY DJI XAUUSD USDJPY DAX BTCUSD
18:45

United States Fed Barr Speech

An economic data release or official event that may affect the markets.

US USD
Mercados afectados: SPX NDX EURUSD DXY DJI XAUUSD USDJPY DAX BTCUSD
19:00

United States Fed Collins Speech

An economic data release or official event that may affect the markets.

US USD
Mercados afectados: SPX NDX EURUSD DXY DJI XAUUSD USDJPY DAX BTCUSD
19:30

Core PPI m/m

Producer Price Index — what manufacturers pay for goods. A leading indicator for consumer inflation.

US USD
Esperado 0.4%
Previous 0.5%
Mercados afectados: SPX EURUSD DXY NDX DJI XAUUSD
19:30

PPI m/m

Producer Price Index — what manufacturers pay for goods. A leading indicator for consumer inflation.

US USD
Esperado 1.1%
Previous 0.7%
Mercados afectados: SPX EURUSD DXY NDX DJI XAUUSD
22:00

Australia RBA Hauser Speech

An economic data release or official event that may affect the markets.

AU AUD
22:30

United States API Crude Oil Stock Change

An economic data release or official event that may affect the markets.

US USD
Esperado -1.3M
Previous 3.719M
23:00

Euro Area ECB President Lagarde Speech

ECB President Lagarde speaks. Markets listen for signals about Eurozone monetary policy.

EU EUR
Mercados afectados: DAX EUROSTOXX50 EURUSD EURGBP EURCHF XAUUSD
23:05

BOE Gov Bailey Speaks

An economic data release or official event that may affect the markets.

GB GBP
Mercados afectados: GBPUSD EURGBP FTSE100
miércoles 15 Abr 2026
24 eventos
01:00

South Korea Unemployment Rate

The percentage of people looking for work but unable to find it. Key indicator of economic health.

Esperado 2.9%
Previous 2.9%
01:50

Japan Machinery Orders MoM

An economic data release or official event that may affect the markets.

JP JPY
Esperado -1.1%
Previous -5.5%
01:50

Japan Machinery Orders YoY

An economic data release or official event that may affect the markets.

JP JPY
Esperado 8.5%
Previous 13.7%
04:00

ECB President Lagarde Speaks

ECB President Lagarde speaks. Markets listen for signals about Eurozone monetary policy.

EU EUR
Mercados afectados: DAX EUROSTOXX50 EURUSD EURGBP EURCHF XAUUSD
11:00

Euro Area Industrial Production MoM

How much factories, mines, and utilities are producing. A key measure of economic output.

EU EUR
Esperado 0.3%
Actual 0.4%
Previous -0.8%
Superó pronóstico
11:00

India Balance of Trade

An economic data release or official event that may affect the markets.

Esperado $-32.75B
Actual $-20.67B
Previous $-27.1B
13:00

United States MBA 30-Year Mortgage Rate

An economic data release or official event that may affect the markets.

US USD
Actual 6.42%
Previous 6.51%
14:00

Brazil Retail Sales MoM

How much consumers are spending in shops. Consumer spending drives most of the economy.

Esperado 1.0%
Actual 0.6%
Previous 0.4%
No alcanzó pronóstico
14:30

United States NY Empire State Manufacturing Index

An economic data release or official event that may affect the markets.

US USD
Esperado -0.5
Actual 11.0
Previous -0.2
Superó pronóstico
Mercados afectados: SPX EURUSD DXY NDX DJI XAUUSD
14:30

United States Fed Barr Speech

An economic data release or official event that may affect the markets.

US USD
Mercados afectados: SPX NDX EURUSD DXY DJI XAUUSD USDJPY DAX BTCUSD
14:30

United States Import Prices MoM

Cost of imported goods. Rising import prices can push consumer prices higher.

US USD
Esperado 2.0%
Actual 0.8%
Previous 0.9%
No alcanzó pronóstico
14:30

United States Export Prices MoM

An economic data release or official event that may affect the markets.

US USD
Esperado 1.5%
Actual 1.6%
Previous 1.9%
Superó pronóstico
16:00

United States NAHB Housing Market Index

An economic data release or official event that may affect the markets.

US USD
Esperado 37.0
Actual 34.0
Previous 38.0
No alcanzó pronóstico
16:00

Brazil Business Confidence

How much stock businesses are holding. Rising inventories can signal slowing demand.

Esperado 46.0
Actual 45.2
Previous 46.6
No alcanzó pronóstico
16:30

United States EIA Gasoline Stocks Change

An economic data release or official event that may affect the markets.

US USD
Esperado -2.1M
Actual -6.328M
Previous -1.589M
No alcanzó pronóstico
Mercados afectados: WTI BRENT NATGAS DAX
16:30

United States EIA Crude Oil Stocks Change

An economic data release or official event that may affect the markets.

US USD
Esperado 0.2M
Actual -0.913M
Previous 3.081M
No alcanzó pronóstico
Mercados afectados: WTI BRENT NATGAS DAX
17:00

President Trump Speaks

The US President speaks. Markets react to policy announcements on trade, taxes, or spending.

US USD
17:20

Piero Cipollone: Sparking the transformation of finance: tokenisation and the role of central banks

An ECB board member shares views on monetary policy or the economy.

EU EUR
19:30

Empire State Manufacturing Index

An economic data release or official event that may affect the markets.

US USD
Esperado 0.3
Previous -0.2
19:45

United States Fed Bowman Speech

An economic data release or official event that may affect the markets.

US USD
Mercados afectados: SPX NDX EURUSD DXY DJI XAUUSD USDJPY DAX BTCUSD
20:00

United States Fed Beige Book

The Fed's summary of US economic conditions by region. Gives insight into the state of the economy.

US USD
Mercados afectados: SPX NDX EURUSD DXY DJI XAUUSD USDJPY DAX BTCUSD
20:00

United Kingdom BoE Gov Bailey Speech

An economic data release or official event that may affect the markets.

GB GBP
Mercados afectados: GBPUSD EURGBP FTSE100
21:30

Euro Area ECB President Lagarde Speech

ECB President Lagarde speaks. Markets listen for signals about Eurozone monetary policy.

EU EUR
Mercados afectados: DAX EUROSTOXX50 EURUSD EURGBP EURCHF XAUUSD
22:00

United States Net Long-term TIC Flows

An economic data release or official event that may affect the markets.

US USD
Esperado $36.6B
Previous $15.5B
jueves 16 Abr 2026
39 eventos
00:00

SNB Chairman Schlegel Speaks

An economic data release or official event that may affect the markets.

CH CHF
00:00

RBNZ Gov Breman Speaks

An economic data release or official event that may affect the markets.

NZ NZD
01:00

BOE Gov Bailey Speaks

An economic data release or official event that may affect the markets.

GB GBP
Mercados afectados: GBPUSD EURGBP FTSE100
02:30

ECB President Lagarde Speaks

ECB President Lagarde speaks. Markets listen for signals about Eurozone monetary policy.

EU EUR
Mercados afectados: DAX EUROSTOXX50 EURUSD EURGBP EURCHF XAUUSD
03:30

Australia Full Time Employment Chg

An economic data release or official event that may affect the markets.

AU AUD
Esperado 20.0K
Actual 52.5K
Previous -27.7K
Superó pronóstico
03:30

Australia Employment Change

How many jobs were added or lost. More jobs = stronger economy.

AU AUD
Esperado 20.0K
Actual 17.9K
Previous 49.6K
No alcanzó pronóstico
03:30

Australia Unemployment Rate

The percentage of people looking for work but unable to find it. Key indicator of economic health.

AU AUD
Esperado 4.3%
Actual 4.3%
Previous 4.3%
03:30

China House Price Index YoY

An economic data release or official event that may affect the markets.

CN CNY
Esperado -3.5%
Actual -3.4%
Previous -3.2%
Superó pronóstico
04:00

China Retail Sales YoY

How much consumers are spending in shops. Consumer spending drives most of the economy.

CN CNY
Esperado 2.3%
Actual 1.7%
Previous 2.8%
No alcanzó pronóstico
04:00

China GDP Growth Rate YoY

Gross Domestic Product — the total value of everything a country produces. The broadest measure of economic growth.

CN CNY
Esperado 4.8%
Actual 5.0%
Previous 4.5%
Superó pronóstico
04:00

China Unemployment Rate

The percentage of people looking for work but unable to find it. Key indicator of economic health.

CN CNY
Esperado 5.2%
Actual 5.4%
Previous 5.3%
Superó pronóstico
04:00

China Industrial Production YoY

How much factories, mines, and utilities are producing. A key measure of economic output.

CN CNY
Esperado 5.5%
Actual 5.7%
Previous 6.3%
Superó pronóstico
04:00

China Fixed Asset Investment (YTD) YoY

An economic data release or official event that may affect the markets.

CN CNY
Esperado 1.9%
Actual 1.7%
Previous 1.8%
No alcanzó pronóstico
04:00

China GDP Growth Rate QoQ

Gross Domestic Product — the total value of everything a country produces. The broadest measure of economic growth.

CN CNY
Esperado 1.3%
Actual 1.3%
Previous 1.2%
06:30

Netherlands Unemployment Rate

The percentage of people looking for work but unable to find it. Key indicator of economic health.

Esperado 4.1%
Actual 4.0%
Previous 4.1%
No alcanzó pronóstico
08:00

United Kingdom GDP MoM

Gross Domestic Product — the total value of everything a country produces. The broadest measure of economic growth.

GB GBP
Esperado 0.1%
Actual 0.5%
Previous 0.1%
Superó pronóstico
08:00

United Kingdom GDP 3-Month Avg

Gross Domestic Product — the total value of everything a country produces. The broadest measure of economic growth.

GB GBP
Esperado 0.2%
Actual 0.5%
Previous 0.3%
Superó pronóstico
08:00

United Kingdom Industrial Production MoM

How much factories, mines, and utilities are producing. A key measure of economic output.

GB GBP
Esperado 0.2%
Actual 0.5%
Previous -0.1%
Superó pronóstico
08:00

United Kingdom Manufacturing Production MoM

An economic data release or official event that may affect the markets.

GB GBP
Esperado 0.3%
Actual -0.1%
Previous 0.2%
No alcanzó pronóstico
08:00

United Kingdom Goods Trade Balance Non-EU

Difference between exports and imports. A surplus means a country exports more than it imports.

GB GBP
Esperado £-9.2B
Actual £-7.1B
Previous £-4.11B
08:00

United Kingdom Goods Trade Balance

Difference between exports and imports. A surplus means a country exports more than it imports.

GB GBP
Esperado £-20.2B
Actual £-18.79B
Previous £-15.08B
08:30

Employment Change

How many jobs were added or lost. More jobs = stronger economy.

AU AUD
Esperado 19.1K
Previous 48.9K
09:30

Switzerland SNB Monetary Policy Meeting Minutes

An economic data release or official event that may affect the markets.

CH CHF
11:00

Euro Area CPI

Consumer Price Index — measures how fast prices are rising. High CPI = high inflation.

EU EUR
Esperado 101.96
Actual 101.99
Previous 100.71
Superó pronóstico
Mercados afectados: EURUSD DAX EUROSTOXX50 XAUUSD
11:00

China FDI (YTD) YoY

An economic data release or official event that may affect the markets.

CN CNY
Esperado -5.4%
Previous -5.7%
13:00

GDP m/m

Gross Domestic Product — the total value of everything a country produces. The broadest measure of economic growth.

GB GBP
Esperado 0.1%
Previous 0.0%
13:30

Euro Area ECB Monetary Policy Meeting Accounts

Minutes from the last ECB meeting. Reveals how policymakers voted and what they discussed.

EU EUR
Mercados afectados: DAX EUROSTOXX50 EURUSD EURGBP EURCHF XAUUSD
13:30

Meeting of 18-19 March 2026

An economic data release or official event that may affect the markets.

EU EUR
14:30

United States Philadelphia Fed Manufacturing Index

An economic data release or official event that may affect the markets.

US USD
Esperado 10.0
Actual 26.7
Previous 18.1
Superó pronóstico
Mercados afectados: SPX NDX EURUSD DXY DJI XAUUSD USDJPY DAX BTCUSD
14:30

United States Jobless Claims 4-week Average

An economic data release or official event that may affect the markets.

US USD
Esperado 218.0K
Actual 209.75K
Previous 209.25K
No alcanzó pronóstico
Mercados afectados: SPX EURUSD DXY NDX DJI XAUUSD
14:30

United States Initial Jobless Claims

An economic data release or official event that may affect the markets.

US USD
Esperado 215.0K
Actual 207.0K
Previous 218.0K
No alcanzó pronóstico
Mercados afectados: SPX EURUSD DXY NDX DJI XAUUSD
14:30

United States Continuing Jobless Claims

An economic data release or official event that may affect the markets.

US USD
Esperado 1810.0K
Actual 1818.0K
Previous 1787.0K
Superó pronóstico
Mercados afectados: SPX EURUSD DXY NDX DJI XAUUSD
14:35

United States Fed Williams Speech

An economic data release or official event that may affect the markets.

US USD
Mercados afectados: SPX NDX EURUSD DXY DJI XAUUSD USDJPY DAX BTCUSD
15:15

United States Industrial Production MoM

How much factories, mines, and utilities are producing. A key measure of economic output.

US USD
Esperado 0.1%
Actual -0.5%
Previous 0.7%
No alcanzó pronóstico
15:15

Isabel Schnabel: Europe's successes and the path forward

An ECB board member shares views on monetary policy or the economy.

EU EUR
16:35

United States Fed Miran Speech

An economic data release or official event that may affect the markets.

US USD
Mercados afectados: SPX NDX EURUSD DXY DJI XAUUSD USDJPY DAX BTCUSD
19:30

Philly Fed Manufacturing Index

An economic data release or official event that may affect the markets.

US USD
Esperado 10.3
Previous 18.1
Mercados afectados: SPX NDX EURUSD DXY DJI XAUUSD USDJPY DAX BTCUSD
19:30

Unemployment Claims

Weekly count of people filing for unemployment benefits. Rising claims = weaker economy.

US USD
Esperado 213K
Previous 219K
20:30

Australia RBA Hunter Speech

An economic data release or official event that may affect the markets.

AU AUD
viernes 17 Abr 2026
10 eventos
06:00

Malaysia Inflation Rate MoM

An economic data release or official event that may affect the markets.

Esperado 0.1%
Actual 0.3%
Previous 0.2%
Superó pronóstico
06:00

President Trump Speaks

The US President speaks. Markets react to policy announcements on trade, taxes, or spending.

US USD
06:00

Malaysia Inflation Rate YoY

An economic data release or official event that may affect the markets.

Esperado 1.7%
Actual 1.7%
Previous 1.4%
10:00

Italy Balance of Trade

An economic data release or official event that may affect the markets.

IT EUR
Esperado €3.83B
Actual €4.944B
Previous €1.129B
11:00

China FDI (YTD) YoY

An economic data release or official event that may affect the markets.

CN CNY
Esperado -5.4%
Previous -5.7%
11:00

Euro Area Balance of Trade

An economic data release or official event that may affect the markets.

EU EUR
Esperado €11.7B
Actual €11.5B
Previous €-1.0B
14:15

Canada Housing Starts

An economic data release or official event that may affect the markets.

CA CAD
Esperado 255.0K
Actual 235.9K
Previous 251.0K
No alcanzó pronóstico
15:00

Christine Lagarde: IMFC Statement

ECB President Lagarde speaks. Markets listen for signals about Eurozone monetary policy.

EU EUR
18:15

United States Fed Barkin Speech

An economic data release or official event that may affect the markets.

US USD
Mercados afectados: SPX NDX EURUSD DXY DJI XAUUSD USDJPY DAX BTCUSD
20:00

United States Fed Waller Speech

An economic data release or official event that may affect the markets.

US USD
Mercados afectados: SPX NDX EURUSD DXY DJI XAUUSD USDJPY DAX BTCUSD

Cómo leer este calendario

Alto impacto

Estos eventos suelen causar movimientos de precio grandes y rápidos. Ten cuidado con tus operaciones abiertas.

Medium impact

Movimientos de precio moderados posibles. Vale la pena prestar atención.

Low impact

Generalmente efecto menor en los precios. Bueno saberlo pero rara vez preocupante.

Como usar un calendario economico: guia practica para traders

Un calendario economico muestra cuando se publican datos macro importantes y eventos de bancos centrales. Si operas forex, indices, materias primas, cripto o acciones, estos eventos pueden cambiar la volatilidad y la direccion del mercado en minutos. Una rutina de calendario te ayuda a anticipar en lugar de reaccionar tarde.

La idea clave es que el mercado reacciona a sorpresas frente a expectativas. Por eso, el calendario no es solo una lista de horas: es un mapa de momentos en los que pueden aparecer cambios bruscos de precio y riesgo.

Por que filtrar impacto alto + medio

No todas las noticias importan igual. Filtrar por impacto alto y medio reduce ruido y te permite enfocarte en eventos que realmente pueden afectar tus decisiones de trading.

Consistencia horaria (Europe/Athens)

Muchos errores vienen de confundir zonas horarias. Mantener una referencia de tiempo unica evita entradas mal sincronizadas y problemas en cambios de horario estacional.

Rutina diaria recomendada

Antes de operar: abre el calendario, verifica zona horaria y marca eventos clave. Durante la sesion: reduce riesgo antes de noticias mayores y evita entradas impulsivas justo en el minuto de publicacion. Despues: revisa ejecucion y mejora tu playbook.

Gestion de riesgo en noticias

En eventos relevantes suelen subir spreads y slippage. Ajustar tamano de posicion y exposicion correlacionada suele ser mas importante que intentar entrar primero al movimiento.

Calendario y analisis tecnico juntos

El tecnico te dice donde puede reaccionar el precio. El calendario te dice cuando aumenta esa probabilidad. Combinarlos mejora la calidad de tus decisiones.

Que registrar en tu diario

Registra tipo de evento, diferencia entre forecast y actual, primera reaccion, continuidad del movimiento y calidad de ejecucion. Asi construyes un playbook propio y mas consistente.

El calendario economico no es un generador de senales. Es un marco de contexto y riesgo para operar con mas disciplina.