European News vs US News

I would like to start a brief discussion with you fella traders about the significance of EU & UK economic data release vs US data release.

In my short trading career I noticed that EU & UK news release moves the market very little compared to US news.

My interpretation of such a behavior is that due to different timezones, EU & UK data are released a few hours earlier than US data and traders in Western Europe tend to wait until 8am ET and see how the Americans digest EU & UK news, especially if important US data is to come out at 8.30am ET.

I am curious to see how you guys trade European news compared to US news.

I usually suspend trading 30 mins prior to US economic release and resume trading 30 mins later. I fear adopting the same type of behavior for EU & UK news might keep me out of good trading opportunities as I actually see very little danger in trading EU & UK news.

Since tomorrow is Independence Day, I am gonna take advantage of the holiday to do some historical research on the market behavior during EU & UK economic data releases.

It's obvious my inquiry refers to GBPUSD and EURUSD.

Thanks in advance for your valuable feedback.

Either this thread doesn't raise any interest or nobody in the forum has a specific answer to provide.

After doing some research, I came to the conclusion that there can't be a detailed rule of thumb about trading under news.

EU and UK data certainly bring less volatility than US data. Then, of course, it comes down to the type of news and deviations from consensus and general market expectations.

Almost every day there are major economic data releases that could have a significant impact on your current open positions. These releases typically give an insight into a particular country’s economic health and can have wider ramifications if the data is from a major economy, such as the US or eurozone. These important figures are seen as statistical evidence to back up views on whether or not a region is doing well. Most global economic data releases are similar across the major world economies but, for the benefit of example, the US and its currency will be used.

you're the creepiest person on earth, congrats

Are you a hater?What Faisal is writing is making good sense.

what? he copies and pastes old things into old threads.

this was from cmcmarkets


p.s. not that I do really care , he just creeps me out when I read him at late night.

Usually if there are big US news I don't trade on that day altogether. Regarding the European news, it depends. If it's news coming from the ECB I do the same as I do with the US news. If it's something else I avoid trading about two hours before and after the news.