Economic Calendar Events Guide
Where is the opportunity? Which markets offer the best odds?

By Eyal Mor

Uptrend

Now we understand the release and its implications. The numerical difference between actual and expected doesn’t mean anything until you have relative terms attached to it, such as ‘much stronger’ or ‘a bit weaker’. With that context and perspective, the release number will mean something, and we might get an actionable trade.

One of the most important things about trading economic events, is to choose the right instrument to trade. Trading the EURUSD after a Weaker US Unemployment Rate might be catastrophic, given the inconsistency of the EURUSD following that kind of event. With the help of BetterTrader, you can see that trading the S&P 500 would be much simpler in terms of volatility, and choosing a reasonable stop loss and profit target.

We also know that in 9 out of 11 similar situations, the S&P 500 was on an uptrend with a negative unemployment rate. That is very useful to know before unemployment is released. This means we can focus on trading the S&P 500 instead of another instrument that has shown less consistent behavior after this release.

Next post >> Trade Execution

This is part of my series on The Essential Guide to Trading Economic Events . Here is the full list of posts in this series:

  1. Introduction
  2. Understanding Economic Events
  3. Which Markets And Asset Classes Are Most Affected By Economic Events?
  4. Why Trade Economic Events?
  5. Is Trading Economic Events Dangerous?
  6. How To Trade economic Events
  7. After Release - Real Time Analysis
  8. Where is the opportunity? Which markets offer the best odds?
  9. Trade Execution
  10. Conclusion
  11. How To Get Started
  12. Three Things To Keep Your Eyes On

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