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Fairwind, think it's necessary to qualify "...Generally, releases don't appear to result in trend changes".
Price movement is a result of all trades irrespective of the reasons the trades were made. There are occasions, and not infrequent when the price 'moves sideways' for some time, hours/days prior to a 'release'. The price/traders are setting up for a particular price move that will occur after the release, setting up for the release, setting up with the expectation the data WILL BE such and such, and a trend change does occur.
'Trend change' is you appreciate relative; such changes may be a Correction or Retracement — temporary, or a new Wave — directional change, and such releases, occasions, are then significant.
The difficulty besides listing particular releases to avoid is not knowing whether there'll be a large or small reaction to 'this' release — this time, or if 'this' release will turn out to be a non-event — so much for 'fundamentals'. There are even some releases/reports that are able to be purchased x minutes prior to their release time, tho not Gov releases. The pure chartist/technical analyst ignoring all 'fundamentals' may or may not fare any better in interpreting what the price is doing and going to do.
Bottom line ? if in doubt, stay out.
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