How Important Are Economical Reports?

[Robert]

Does anyone here trade economical numbers? I tend to receive two different opinions. Some traders choose to stand aside before the release of economical numbers while others will trade it.

What are your thoughts on this? Is it possible to obtain any information on how to trade these numbers? Thanks

[nasdaq5048]

Totally useless. Knee-jerk reaction in the after the release and the market will contiune its original trend (at least for the bonds). Counter reaction in the direction of the major auction against a resistance is usually pretty safe except non-farm.

[mandiuang]

i never trade news, but it is interesting to me and want to learn more about it in forex market. news make market moves. maybe it will back to original trend, but we can take some profit.

[Soultrader]

I personally never trade the news. I just trade the market reaction to it. When trading index futures, the markets overreacts to the news and the moves can be fast and furious.

Good to stay away from it or try to enter after the reaction.