EXPECTATION of the news relative to positions is what moves the mkt more than the actual news unless the news itself is a mile off the EXPECTATIONS.
Like someone said earlier, trading news, reports or whatever you call them is a fools game for new cats.
I do trade a couple of reports release but it is more for kicks and is NOT in the trading plan. A report comes out, some like it some do not, some adjust positions up, some adjust down.
Watch price and work the retraces or sit on the porch with the small nervous yapping nervous "snake food" dogs.
Almost time to get started, have fun.