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7 Simple Strategies of Highly Effective Traders by Alpesh B. Patel, Paresh H. Kiri

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Strategy 2. Event Trading

Introduction

Financial and economic news plays a role in moving markets, sometimes quite significantly. Studies have shown that this effect can last for up to four days as the market adjusts. Therefore, it is useful for the trader to know what market data to look out for and which markets it will move.

There is a plethora of common economic numbers that will move markets, but in this chapter we will concentrate our efforts on the most important – those that have been responsible for moving markets and creating trading opportunities for day traders.

The four data releases we will look at are:

  1. Gross Domestic Product (GDP)
  2. Nonfarm Payrolls (NFP)
  3. Consumer Price Index (CPI)
  4. Federal Open Market Committee (FOMC) ...

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